OceanPal Inc (SVRN) AI Stock Analysis

• Market Cap: $13.54M
• Dividend Yield: N/A
• Average Volume (3M): 359.01K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 87
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): N/A
• Shares Outstanding: 31,121,477
• 10 Day Avg. Volume: 828,737
• 30 Day Avg. Volume: 359,009
• PEG Ratio: 0.00
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.02
• P/FCF Ratio: -0.03
• Enterprise Value/Market Cap: -0.80
• Enterprise Value/Revenue: -0.42
• Enterprise Value/Gross Profit: -4.70
• Enterprise Value/Ebitda: 0.85
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $0.93
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is held down primarily by sharply weakened profitability and significant 2024 cash burn, alongside bearish technical momentum (price below key moving averages and negative MACD). A debt-free balance sheet provides some stability, while valuation is difficult to assess due to losses and no dividend data.

Positive Factors

Debt-free balance sheet

Zero reported debt materially reduces refinancing and interest-rate risk, giving management runway to address operating issues. A debt-free capital structure preserves strategic optionality for M&A, fleet investment, or raising capital on better terms over the next several quarters.

Added financial expertise to board and audit committee

Adding an experienced financial advisor to the board and audit committee strengthens governance and financial oversight. Durable improvement in board-level finance expertise can support more disciplined capital allocation, audit rigor, and restructuring decisions over coming quarters.

Executive incentives aligned via restricted stock grants

Large, vested equity awards tie management and advisors to long-term performance, improving retention and alignment during turnaround efforts. Incentives aimed at strategic guidance (including crypto tech advisors) can support execution of structural pivots or new revenue initiatives over multiple quarters.

Negative Factors

Severe profitability deterioration

A substantial margin collapse and large net losses indicate core operations are not generating sustainable profits. Persistent negative margins erode equity, reduce reinvestment capacity, and require either operational turnaround or external capital to restore long-term viability.

Large negative free cash flow and operating outflows

Heavy cash burn creates material liquidity pressure, forcing reliance on reserves or external financing. Over a 2–6 month horizon, sustained negative FCF constrains capex and working capital, raises dilution or refinancing risk, and limits ability to execute strategic plans without new funding.

Declining equity and negative return on equity

Falling shareholders' equity and a deeply negative ROE signal capital destruction and poor returns on invested capital. This structural weakness impairs the company's ability to attract capital and undermines long-term growth prospects until profitability and ROE are restored.

OceanPal Inc Business Overview & Revenue Model

Company Description

OceanPal, Inc. is a holding company, which engages in the provision of shipping transportation services. It also specializes in the ownership of vessels. The firm transports iron ore, coal and grains, and minor bulks such as bauxite, phosphate and fertilizers. The company was founded on April 15, 2021 and is headquartered in Athens, Greece.

How the Company Makes Money

OceanPal 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

Financial performance is weak: the income statement shows a sharp 2024 deterioration (revenue down ~10.5%, gross margin compressed to ~9%, net margin roughly -69%) and cash flow turned negative with deeply negative free cash flow (~-$22.4M). The main offset is a strong, debt-free balance sheet, but equity declined and returns on equity worsened (~-21%), limiting support.

Income Statement

Profitability deteriorated sharply in 2024: revenue fell ~10.5% while gross margin compressed to ~9% (from ~29% in 2023), and losses widened materially (net margin roughly -69%). The company has a mixed multi-year pattern (profitable in 2019 and 2021, near breakeven in 2022), but the last two years show a clear reset lower with deeply negative operating results, which is a major near-term concern.

Balance Sheet

The balance sheet is a key strength: the company reports zero debt across the periods provided, implying low financial leverage and reduced refinancing risk. However, equity declined from 2023 to 2024 and returns on equity turned meaningfully worse in 2024 (about -21%), indicating the company is currently not generating adequate returns on its capital base despite the conservative capital structure.

Cash Flow

Cash generation weakened notably in 2024 with operating cash flow turning negative (about -$3.5M) after being slightly positive in 2023. Free cash flow was deeply negative in 2024 (about -$22.4M), far worse than prior years, suggesting elevated cash burn and/or heavy outflows. While free cash flow was positive in some earlier periods (2019 and 2021), the latest year’s cash profile increases liquidity pressure if losses persist.

Breakdown	Dec 2024	Mar 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.70M	18.96M	19.09M	1.33M	9.41M
Gross Profit	2.31M	5.54M	8.53M	926.00K	-65.10K
EBITDA	-10.55M	6.60M	4.57M	488.00K	-1.64M
Net Income	-17.86M	-1.98M	-326.00K	134.00K	-3.80M
Balance Sheet
Total Assets	89.46M	94.84M	79.02M	49.08M	37.19M
Cash, Cash Equivalents and Short-Term Investments	7.16M	14.84M	8.45M	1.67M	39.64K
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	5.09M	2.29M	2.46M	931.00K	1.89M
Stockholders Equity	84.37M	92.56M	76.56M	48.15M	35.30M
Cash Flow
Free Cash Flow	-22.44M	-3.55M	-3.58M	673.00K	-4.20M
Operating Cash Flow	-3.53M	815.00K	1.51M	715.00K	-2.72M
Investing Cash Flow	-2.52M	-6.01M	-5.09M	-42.00K	-1.47M
Financing Cash Flow	-1.64M	11.58M	10.36M	1.00M	4.24M

OceanPal Inc Technical Analysis

• Last Price: ―

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SVRN, the sentiment is undefined. The current price of undefined is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for SVRN.

OceanPal Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

OceanPal Inc Corporate Events

OceanPal Names CBIZ CPAs as New Auditor After Ernst & Young Resignation

On January 26, 2026, OceanPal Inc. appointed CBIZ CPAs P.C. as its new independent registered public accounting firm, effective immediately, replacing Ernst & Young (Hellas) Certified Auditors Accountants S.A., which had resigned on October 28, 2025. The company reported that during the fiscal years ended December 31, 2023 and 2024, and through the interim period to January 26, 2026, it had not consulted with CBIZ CPAs on accounting principles, audit opinions, or any matters involving disagreements or reportable events, suggesting that the auditor change was not driven by prior disputes over financial reporting; the appointment will govern future audits under existing SEC-registered shelf offerings.

The most recent analyst rating on (SVRN) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on OceanPal Inc stock, see the SVRN Stock Forecast page.

OceanPal Reshapes Board, Appoints Financial Advisor James Gereghty Jr. as Director

On January 20, 2026, OceanPal Inc. announced that board member Grigorios-Filippos Psaltis resigned from its Board of Directors and from the company’s Compensation Committee, with the company stating that his departure did not stem from any disagreement over its operations, policies, or practices. Effective immediately after his resignation, the company appointed investment advisor James Gereghty Jr. as a Class II director for the remainder of Psaltis’ term and added him to the Audit Committee, signaling a continued emphasis on financial expertise at the board level; Gereghty, a managing partner at Kips Bay Consulting and managing director and partner at Solaia Capital Advisors, brings significant experience in financial advisory and investment management, and will receive compensation in line with OceanPal’s standard program for non-employee directors.

The most recent analyst rating on (SVRN) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on OceanPal Inc stock, see the SVRN Stock Forecast page.

OceanPal Inc. Announces Board Changes with New Appointment

On December 11, 2025, OceanPal Inc. announced the resignation of Ms. Styliani Alexandra Sougioultzoglou from its Board of Directors and Compensation Committee, effective immediately. Her departure was not due to any disagreements with the company. Subsequently, Mr. Richard Mortimer Muirhead was appointed as a Class I director and joined the Compensation Committee. Mr. Muirhead brings extensive experience in frontier technology and investment, having contributed to the creation of over $2 billion in enterprise value through his roles in various companies and organizations.

OceanPal Inc. Grants Restricted Stock to Executives and Advisors

On November 25, 2025, OceanPal Inc. announced the issuance of restricted stock awards to executives and advisors, including 2,192,142 shares to key executives as an inducement for their appointments. These shares are subject to vesting schedules and conditions related to continued employment. Additionally, 986,582 shares were granted to advisors under agreements to provide strategic guidance in the crypto technology sector, with specific vesting terms. This move aims to align the interests of executives and advisors with the company’s growth and operational goals, potentially impacting its strategic positioning in the market.