Ocean Power Technologies (NASDAQ:OPTT) Stock Price Down 8.8% – Time to Sell?

Posted by Anthony Miller on Sep 18th, 2026

Ocean Power Technologies, Inc. (NASDAQ:OPTT – Get Free Report)’s share price traded down 8.8% during trading on Wednesday . The company traded as low as $1.96 and last traded at $1.87. 103,159 shares were traded during trading, a decline of 63% from the average session volume of 280,910 shares. The stock had previously closed at $2.05.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a “buy” rating on shares of Ocean Power Technologies in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $45.00.

View Our Latest Research Report on Ocean Power Technologies

Ocean Power Technologies Stock Performance

The company’s fifty day moving average is $5.18 and its 200-day moving average is $8.51. The company has a market capitalization of $521.37 million, a PE ratio of -6.03 and a beta of 2.60.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ocean Power Technologies stock. Royal Bank of Canada boosted its holdings in Ocean Power Technologies, Inc. (NASDAQ:OPTT – Free Report) by 1,383,331.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 705,550 shares of the energy company’s stock after purchasing an additional 705,499 shares during the quarter. Royal Bank of Canada owned approximately 0.31% of Ocean Power Technologies worth $247,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.93% of the company’s stock.

About Ocean Power Technologies

(Get Free Report)

Ocean Power Technologies, Inc develops ocean-based renewable energy and autonomous maritime technology. The company’s systems are designed to provide persistent power and communications for offshore applications, including maritime security, ocean observation, defense, offshore energy and environmental monitoring.

Its primary product is the PB3 PowerBuoy, a wave-powered platform that generates electricity from ocean-wave motion and can support onboard sensors, communications equipment and other payloads.