Oceanpal Stock Price on June 10, 2024
| OP Stock | USD 1.09 0.02 1.80% |
If you're considering investing in Oceanpal Stock, it is important to understand the factors that can impact its price. As of today, the current price of Oceanpal stands at 1.09, as last reported on the 23rd of December, with the highest price reaching 1.16 and the lowest price hitting 1.07 during the day. Oceanpal maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Oceanpal exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Oceanpal's Variance of 8.63, coefficient of variation of (625.84), and Risk Adjusted Performance of (0.12) to confirm the risk estimate we provide.
At this time, Oceanpal's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 12/23/2024, Other Stockholder Equity is likely to grow to about 105.5 M, while Total Stockholder Equity is likely to drop slightly above 63.2 M. . As of 12/23/2024, Price To Sales Ratio is likely to drop to 0.37. In addition to that, Price Earnings Ratio is likely to grow to -3.55. Oceanpal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Oceanpal |
Sharpe Ratio = -0.1666
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Estimated Market Risk
| 2.97 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.49 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Oceanpal is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Oceanpal by adding Oceanpal to a well-diversified portfolio.
Price Book 0.0977 | Enterprise Value Ebitda (1.13) | Price Sales 0.3702 | Shares Float 679.6 K | Earnings Share (3.43) |
Oceanpal Valuation on June 10, 2024
It is possible to determine the worth of Oceanpal on a given historical date. On June 10, 2024 Oceanpal was worth 2.08 at the beginning of the trading date compared to the closed value of 2.08. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Oceanpal stock. Still, in general, we apply an absolute valuation method to find Oceanpal's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Oceanpal where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Oceanpal's related companies.
| Open | High | Low | Close | Volume | |
| 2.18 | 2.24 | 2.10 | 2.12 | 17,673 | |
06/10/2024 | 2.08 | 2.13 | 2.07 | 2.08 | 10,521 |
| 2.13 | 2.16 | 2.06 | 2.14 | 18,507 |
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Oceanpal Trading Date Momentum on June 10, 2024
| On June 11 2024 Oceanpal was traded for 2.14 at the closing time. The highest price during the trading period was 2.16 and the lowest recorded bid was listed for 2.06 . The volume for the day was 18.5 K. This history from June 11, 2024 contributed to the next trading day price gain. The trading delta at closing time to the next closing price was 2.88% . The trading delta at closing time to the current price is 4.81% . |
Oceanpal Fundamentals Correlations and Trends
By evaluating Oceanpal's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Oceanpal's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Oceanpal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Oceanpal Stock history
Oceanpal investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Oceanpal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Oceanpal will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Oceanpal stock prices may prove useful in developing a viable investing in Oceanpal
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3.4 M | 3.5 M | |
| Net Income Applicable To Common Shares | 324 K | 340.2 K |
Oceanpal Quarterly Net Working Capital |
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Oceanpal Stock Technical Analysis
Oceanpal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Oceanpal Period Price Range
Low | December 23, 2024
| High |
0.00 | 0.00 |
Oceanpal cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Oceanpal December 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Oceanpal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Oceanpal shares will generate the highest return on investment. By undertsting and applying Oceanpal stock market strength indicators, traders can identify Oceanpal entry and exit signals to maximize returns
Oceanpal Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Oceanpal's price direction in advance. Along with the technical and fundamental analysis of Oceanpal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Oceanpal to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.51) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.34) |
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Additional Tools for Oceanpal Stock Analysis
When running Oceanpal's price analysis, check to measure Oceanpal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Oceanpal is operating at the current time. Most of Oceanpal's value examination focuses on studying past and present price action to predict the probability of Oceanpal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oceanpal's price. Additionally, you may evaluate how the addition of Oceanpal to your portfolios can decrease your overall portfolio volatility.