Robert Powers - Ocean Power Senior CFO
| OPTT Stock | USD 0.15 0.01 6.25% |
CFO
Robert Powers is Senior CFO of Ocean Power Technologies
| Age | 53 |
| Address | 28 Engelhard Drive, Monroe Township, NJ, United States, 08831 |
| Phone | 609 730 0400 |
| Web | https://www.oceanpowertechnologies.com |
Ocean Power Management Efficiency
The company has return on total asset (ROA) of (0.4221) % which means that it has lost $0.4221 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.7749) %, meaning that it created substantial loss on money invested by shareholders. Ocean Power's management efficiency ratios could be used to measure how well Ocean Power manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.78 in 2024. Return On Capital Employed is likely to drop to -0.78 in 2024. At this time, Ocean Power's Non Current Liabilities Total is comparatively stable compared to the past year. Change To Liabilities is likely to gain to about 1.4 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 36.6 M in 2024.Similar Executives
| Found 3 records | CFO Age | ||
| Michael Bishop | FuelCell Energy | 56 | |
| Charles Scheiwe | Flux Power Holdings | 57 | |
| Timothy CPA | Ideal Power | 49 | |
Management Performance
| Return On Equity | -0.77 | ||||
| Return On Asset | -0.42 |
Ocean Power Technologies Leadership Team
Elected by the shareholders, the Ocean Power's board of directors comprises two types of representatives: Ocean Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ocean. The board's role is to monitor Ocean Power's management team and ensure that shareholders' interests are well served. Ocean Power's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ocean Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthew Burdyny, Chief Officer | ||
| Nicholas Day, General Secretary | ||
| Philipp Stratmann, President CEO | ||
| Jeff Wiener, Vice Sales | ||
| Robert Powers, Senior CFO | ||
| Joseph DiPietro, Treasurer Controller |
Ocean Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ocean Power a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.77 | ||||
| Return On Asset | -0.42 | ||||
| Operating Margin | (4.32) % | ||||
| Current Valuation | 3.37 M | ||||
| Shares Outstanding | 59.46 M | ||||
| Shares Owned By Insiders | 5.97 % | ||||
| Shares Owned By Institutions | 5.97 % | ||||
| Number Of Shares Shorted | 3.98 M | ||||
| Price To Earning | (0.59) X | ||||
| Price To Book | 0.56 X |
Pair Trading with Ocean Power
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ocean Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ocean Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Ocean Stock
| 0.65 | HI | Hillenbrand Fiscal Year End 20th of November 2024 | PairCorr |
Moving against Ocean Stock
| 0.82 | EPAC | Enerpac Tool Group Financial Report 19th of June 2024 | PairCorr |
| 0.76 | CR | Crane Company | PairCorr |
| 0.68 | ETN | Eaton PLC | PairCorr |
| 0.53 | DOV | Dover | PairCorr |
| 0.49 | CXT | Crane NXT | PairCorr |
The ability to find closely correlated positions to Ocean Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ocean Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ocean Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ocean Power Technologies to buy it.
The correlation of Ocean Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ocean Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocean Power Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ocean Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Ocean Stock Analysis
When running Ocean Power's price analysis, check to measure Ocean Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to predict the probability of Ocean Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Power's price. Additionally, you may evaluate how the addition of Ocean Power to your portfolios can decrease your overall portfolio volatility.