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OceanPal Inc (OP)
NASDAQ:OP
US Market
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OceanPal Inc (OP) AI Stock Analysis

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OP

OceanPal Inc

(NASDAQ:OP)

Rating:46Neutral
Price Target:
OceanPal Inc's stock score is low primarily due to significant financial challenges, including negative profitability and cash flow issues. The stable debt-free balance sheet is a positive, but technical indicators and valuation metrics provide little support for upward momentum.
Positive Factors
Business Outlook
Strong demand for shipping services supports OceanPal Inc's business outlook.
Financial Performance
OP revenue growth continues to look really strong with an increase of 9.3% for the quarter.
Market Conditions
OceanPal Inc benefits from favorable market conditions in the shipping industry.
Negative Factors
Operational Costs
OceanPal Inc faces challenges due to fluctuating fuel prices impacting operational costs.
Regulatory Risks
Regulatory changes pose a risk to OceanPal Inc's future profitability.
Revenue Spread
The only bad metric that really stands out was the flattening of the revenue to cost spread that generally has been accelerating.

OceanPal Inc (OP) vs. SPDR S&P 500 ETF (SPY)

OceanPal Inc Business Overview & Revenue Model

Company DescriptionOceanPal Inc (OP) is a maritime transportation company primarily engaged in the ownership and operation of dry bulk vessels. The company provides global shipping services for a variety of dry bulk cargoes, including commodities such as grain, coal, and iron ore. OceanPal Inc operates within the maritime logistics sector, focusing on efficient and reliable transport solutions to meet the needs of international trade.
How the Company Makes MoneyOceanPal Inc generates revenue through the leasing of its dry bulk vessels to customers under time and voyage charters. Time charters involve leasing the vessel for a fixed period at a set daily rate, with the charterer responsible for the vessel's fuel and port charges, while voyage charters are agreements to transport a specific cargo from one port to another for a fixed price per ton. The company's revenue is largely influenced by factors such as charter rates, demand for dry bulk shipping, and global economic conditions. Significant partnerships with commodity producers, traders, and shipping brokers also play a crucial role in ensuring a steady stream of business opportunities and revenue for OceanPal Inc.

OceanPal Inc Financial Statement Overview

Summary
OceanPal Inc's financials show a stable balance sheet with no debt, but significant profitability and cash flow issues. Revenue growth is positive, but large negative margins and liquidity challenges are concerning.
Income Statement
45
Neutral
OceanPal Inc's TTM (Trailing-Twelve-Months) income statement reveals significant challenges. The company has a negative net profit margin of -69.5% and a gross profit margin of 9.0%, indicating operational inefficiencies. Revenue growth year-over-year is 35.5%, which is positive; however, EBIT and EBITDA margins are notably negative, at -70.3% and -55.7%, respectively. Overall, the company is struggling with profitability despite some revenue growth, requiring attention to cost management and operational efficiency.
Balance Sheet
75
Positive
The balance sheet shows OceanPal Inc is relatively stable. With no debt, the company’s debt-to-equity ratio is 0, which is a positive sign of financial stability. The equity ratio is strong at 94.3%, reflecting a solid capital structure. However, the return on equity is negative due to the net loss, which is a concern. The lack of leverage provides a cushion against financial distress, though the challenge is turning equity into profit.
Cash Flow
30
Negative
Cash flow analysis for OceanPal Inc highlights significant issues. There is a negative free cash flow of -$22.4 million, and the free cash flow has deteriorated compared to the previous year. The operating cash flow to net income ratio is not meaningful due to the negative figures, indicating cash flow problems. Overall, the company faces liquidity challenges, with a need for improved cash generation from operations.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue25.70M18.96M19.09M1.33M9.41M
Gross Profit2.31M5.54M8.53M926.00K-65.10K
EBITDA-10.55M-1.07M4.57M488.00K-1.64M
Net Income-17.86M-1.98M-326.00K134.00K-3.80M
Balance Sheet
Total Assets89.46M94.84M79.02M49.08M37.19M
Cash, Cash Equivalents and Short-Term Investments7.16M14.84M8.45M1.67M39.64K
Total Debt0.000.000.000.000.00
Total Liabilities5.09M2.29M2.46M931.00K1.89M
Stockholders Equity84.37M92.56M76.56M48.15M35.30M
Cash Flow
Free Cash Flow-22.44M-3.55M-3.58M673.00K-4.20M
Operating Cash Flow-3.53M815.00K1.51M715.00K-2.72M
Investing Cash Flow-2.52M-6.01M-5.09M-42.00K-1.47M
Financing Cash Flow-1.64M11.58M10.36M1.00M4.24M

OceanPal Inc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.12
Price Trends
50DMA
1.14
Negative
100DMA
0.96
Negative
200DMA
1.14
Negative
Market Momentum
MACD
-0.36
Positive
RSI
33.10
Neutral
STOCH
1.92
Positive
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 0.12 is below the 20-day moving average (MA) of 0.89, below the 50-day MA of 1.14, and below the 200-day MA of 1.14, indicating a bearish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 33.10 is Neutral, neither overbought nor oversold. The STOCH value of 1.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OP.

OceanPal Inc Risk Analysis

OceanPal Inc disclosed 63 risk factors in its most recent earnings report. OceanPal Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

OceanPal Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
$2.48M0.081.43%47.17%-97.95%
69
Neutral
$20.92M2.393.07%-32.07%-9.50%
67
Neutral
$20.89M0.8521.39%-7.48%3.08%
59
Neutral
AU$1.62B9.942.84%3.53%9.79%5.94%
48
Neutral
$14.41M-10.92%10.86%-2.85%-280.26%
46
Neutral
$16.76M-20.19%35.58%-64.92%
42
Neutral
$21.41M61.24-0.43%17.92%-131.47%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
OP
OceanPal Inc
0.12
-1.32
-91.67%
PSHG
Performance Shipping
1.68
-0.22
-11.58%
GLBS
Globus Maritime
1.04
-0.56
-35.00%
CTRM
Castor Maritime
2.16
-2.44
-53.04%
USEA
United Maritime Corp.
1.56
-0.65
-29.41%
CISS
C3is Inc.
3.17
-15.73
-83.23%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 29, 2025