Ocean Power Technologies, Inc.Find Ratings Reports
OCEAN POWER TECHNOLOGIES INC's gross profit margin for the third quarter of its fiscal year 2020 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector. OCEAN POWER TECHNOLOGIES INC is extremely liquid. Currently, the Quick Ratio is 24.28 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 700.07% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q3 FY20||Q3 FY19|
|Net Sales ($mil)||0.32||0.73|
|Net Income ($mil)||-3.15||-2.92|
|Balance Sheet||Q3 FY20||Q3 FY19|
|Cash & Equiv. ($mil)||80.19||10.58|
|Total Assets ($mil)||82.89||13.76|
|Total Debt ($mil)||2.21||1.36|
|Profitability||Q3 FY20||Q3 FY19|
|Gross Profit Margin||-109.78||6.21|
|Return on Assets||-13.0||-84.6|
|Return on Equity||-13.78||-119.07|
|Debt||Q3 FY20||Q3 FY19|
|Share Data||Q3 FY20||Q3 FY19|
|Shares outstanding (mil)||50.57||8.7|
|Div / share||0.0||0.0|
|Book value / share||1.55||1.12|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||4572962.0||9932820.0|
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 1.66 indicates a significant discount versus the S&P 500 average of 4.43 and a significant discount versus the subsector average of 7.10. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, OCEAN POWER TECHNOLOGIES INC seems to be trading at a premium to investment alternatives.
|OPTT NM||Peers 80.13||OPTT 414.52||Peers 25.35|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
OPTT's P/E is negative making this valuation measure meaningless.
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
OPTT is trading at a significant premium to its peers.
|OPTT NA||Peers 27.02||OPTT NA||Peers 1.33|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|OPTT 1.66||Peers 7.10||OPTT 76.59||Peers -27.71|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
OPTT is trading at a significant discount to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
OPTT is expected to have an earnings growth rate that significantly exceeds its peers.
|OPTT 112.04||Peers 6.97||OPTT -12.70||Peers 5.09|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
OPTT is trading at a significant premium to its subsector.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
OPTT significantly trails its peers on the basis of sales growth.