Ocean Power Technologies is engaged in providing ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness products, integrated solutions, and consulting services. Co.'s solutions include: Maritime Domain Awareness Solution, which consists of a radar, a stabilized optical and thermal imaging camera, and a vessel Automatic Identification System detection module; Wave Adaptive Modular Vessel, which enables roaming capabilities for uncrewed maritime systems in waters; PB3 PowerBuoy®, which converts hydrokinetic energy of ocean waves into electricity; and Subsea Battery, which provides power supply from its integrated energy storage system. We show 23 historical shares outstanding datapoints in our OPTT shares outstanding history coverage, used to compute OPTT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OPTT market cap history over the course of time is important for investors
interested in comparing OPTT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of OPTT versus a peer is one thing; comparing
OPTT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like OPTT can fluctuate over the course of history.
With this page we aim to empower investors researching OPTT by allowing them to research the OPTT market cap history. |
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Video: The Importance of Market Cap
