Ocean Power Technologies is trading at $2.46, down -10.07%, after fiscal Q1 2027 results showed a $10.5 million net loss and EPS miss.
- Revenue increased 44% year over year to $1.703 million, but missed analyst estimates.
- Trading remains volatile following the 1-for-30 reverse stock split effective September 14.
- Broader market and technology-sector weakness add pressure, alongside post-split profit-taking.