How Much Dividend Does OceanPal Inc (OP) Pay?

OceanPal Inc (NASDAQ:OP) traded with an addition of $0.55 to close at $2.69on Friday, an upside of 25.61 percent. An average of 403,626 shares of common stock have been traded in the last five days. There was a gain of $1.13 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 145,062 shares traded, while the 50-day average volume stands at 102,495.

OP stock has increased by 60.00% in the last month. The company shares reached their 1-month lowest point of $1.57 on 09/08/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $1.26 and a high of $102.00 in 52 weeks. It has reached a new high 1 time so far this year and lost -87.89% or -$19.37 in price. In spite of this, the price is down -97.36% from the 52-week high.

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Valuation Metrics

OceanPal Inc (OP) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 0.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.17, the price-to-book (PB) ratio at 0.04.

Financial Health

The quick ratio of OceanPal Inc for the recent quarter was 8.59, and the current ratio was 8.59, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $8.53 million compared to revenue of $19.09 million.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$2.67 million in the quarter, while revenues were grew 102.62%. At the end of the recent quarter, OceanPal Inc’s stock balance sheet showed total liabilities of 2.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at OceanPal Inc (OP) price momentum. RSI 9-day as of the close on 28 September was 89.33%, suggesting the stock is Overbought, with historical volatility in this time frame at 150.30%.

As of today, OP’s price is $2.13 +66.47% or $1.13 from its 5-day moving average. OP is currently trading +66.47% higher than its 20-day SMA and -44.94% lower than its 100-day SMA. However, the stock’s current price level is +69.46% above the SMA50 and -92.74% below the SMA200.

The stochastic %K and %D were 80.31% and 77.51%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 86.11% and the average true range at 0.17, the RSI (14) stands at 84.02%. The stock has reached 0.34 on the 9-day MACD Oscillator while the 14-day reading was at 0.44.

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