OceanPal Inc (OP) AI Stock Analysis

• Market Cap: $4.88M
• Dividend Yield: N/A
• Average Volume (3M): 12.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.26
• Revenue Growth: 36.33%
• EPS Growth: 87.08%
• Country: US
• Employees: 106
• Sector: Industrials
• Sector Strength: 61
• Industry: Marine Shipping
• EPS (TTM): -2.64
• Shares Outstanding: 7,451,977
• 10 Day Avg. Volume: 17,284
• 30 Day Avg. Volume: 12,964
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.36
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

OceanPal Inc. has a low overall stock score due to persistent financial performance issues, weak technical indicators, and an unfavorable valuation. Despite having a strong balance sheet, the company's operational inefficiencies and inability to generate positive earnings significantly weigh down its prospects. Immediate actions to improve profitability and cash flow are crucial for future growth.

Positive Factors

Regulatory Approval

Hearing TN DPP could get approval soon.

Revenue Growth

OP revenue growth continues to look really strong with an increase of 9.3% for the quarter.

Negative Factors

Cost Management

The only bad metric that really stands out was the flattening of the revenue to cost spread that generally has been accelerating.

OceanPal Inc Business Overview & Revenue Model

Company Description

OceanPal Inc (OP) is a global shipping company that primarily operates in the dry bulk sector. The company provides marine transportation services for a range of dry bulk commodities, including iron ore, coal, grain, and other materials. OceanPal focuses on owning and managing a fleet of vessels to facilitate the efficient and cost-effective transport of goods across international waters, catering to the needs of major charterers, including national and international companies.

How the Company Makes Money

OceanPal Inc makes money by leasing its fleet of dry bulk vessels to shipping companies and other charterers. The company earns revenue through time charter agreements, where vessels are leased out for specific periods, and spot market voyages, where vessels are hired for single trips. These agreements determine the rate and duration at which the vessels are chartered. OceanPal’s earnings are influenced by factors such as global demand for dry bulk commodities, fluctuations in freight rates, and the company's ability to optimize its fleet utilization. Additionally, maintaining partnerships with major charterers and ensuring a competitive and modern fleet are critical to sustaining and growing revenue.

OceanPal Inc Financial Statement Overview

Summary

OceanPal Inc. faces significant challenges, with consistent net losses and negative cash flows impacting its financial health. Despite a strong balance sheet with no debt, the company needs to address operational inefficiencies to improve profitability and cash generation. The transportation industry may offer growth opportunities, but the company must stabilize its income statement to capitalize on them.

Income Statement

OceanPal Inc. shows inconsistent revenue growth with a positive trajectory from 2023 to TTM but overall declining performance since 2019. Gross profit margin improved in TTM at 26.97%, but continuous net losses indicate challenges in profitability. The negative EBIT and EBITDA margins highlight operational inefficiencies, which need addressing to improve financial health.

Balance Sheet

The company's balance sheet is strong with no debt, giving a Debt-to-Equity Ratio of 0, which reduces financial risk. However, the Return on Equity is negative due to net losses, pointing to inefficiencies in generating returns from equity. The Equity Ratio remains robust at over 85% in TTM, indicating a solid capital structure.

Cash Flow

Cash flow performance is weak, with negative free cash flow and operating cash flow in TTM. The Operating Cash Flow to Net Income Ratio is negative, indicating inefficiencies in converting income into cash. The company has seen a decline in free cash flow growth, impacting liquidity and funding capacity.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
25.73M	18.96M	19.09M	1.33M	9.41M	12.37M
	Gross Profit
6.94M	5.54M	8.53M	926.00K	-65.10K	5.24M
	EBIT
-9.94M	-7.72M	-326.00K	134.00K	-3.80M	-1.86M
	EBITDA
-4.24M	-1.07M	4.57M	488.00K	-1.64M	1.19M
	Net Income Common Stockholders
-9.62M	-1.98M	-326.00K	134.00K	-3.80M	1.19M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.92K	14.84M	8.45M	1.67M	39.64K	1.92K
	Total Assets
0.00	94.84M	79.02M	49.08M	37.19M	35.89M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
1.92K	-14.84M	-8.45M	-1.67M	-39.64K	-1.92K
	Total Liabilities
0.00	2.29M	2.46M	931.00K	1.89M	1.02M
	Stockholders Equity
34.86M	92.56M	76.56M	48.15M	35.30M	34.86M
Cash Flow		Free Cash Flow
-1.30M	-3.55M	-3.58M	673.00K	-4.20M	1.44M
	Operating Cash Flow
-1.30M	815.00K	1.51M	715.00K	-2.72M	1.44M
	Investing Cash Flow
-8.20M	-6.01M	-5.09M	-42.00K	-1.47M	0.00
	Financing Cash Flow
-1.85M	11.58M	10.36M	1.00M	4.24M	-1.50M

OceanPal Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OP, the sentiment is Negative. The current price of 0.66 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 0.99, and below the 200-day MA of 1.42, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 29.24 is Positive, neither overbought nor oversold. The STOCH value of 31.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OP.

OceanPal Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESEA	77 Outperform	$198.25M	1.74	35.83%	8.32%	12.43%	-1.63%
SBLK	72 Outperform	$1.58B	4.83	14.71%	15.82%	33.31%	62.94%
SB	70 Outperform	$345.28M	3.95	11.99%	6.56%	8.17%	35.92%
GNK	69 Neutral	$534.47M	7.14	8.30%	11.68%	10.21%	―
Sector *	62 Neutral	$7.68B	13.06	3.21%	3.34%	3.62%	-14.40%
DSX	55 Neutral	$162.08M	23.81	2.56%	12.88%	-12.93%	-86.34%
OP	44 Neutral	$4.88M	―	-20.19%	―	36.33%	87.08%