How to Buy Oceanpal Stock
Oceanpal Inc
OceanPal Inc. focuses on the provision of ocean-going transportation services. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers.
Oceanpal stock last closed at $0.69, up 0.29% from the previous day, and has decreased 73.28% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.52 percentage points. Oceanpal stock is currently +9.84% from its 52-week low of $0.63, and -74.42% from its 52-week high of $2.71.
There are currently 7.5M shares of OP outstanding. The market value of OP is $5.19M. In the last 24 hours, 22,218 OP shares were traded.
How to Buy Oceanpal Stock
Not sure how to invest in Oceanpal stock? Here's how.
- Choose where to buy Oceanpal stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you figure out where to buy Oceanpal stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your method of payment and add your details.
- Evaluate Oceanpal stock: The Oceanpal ticker symbol is OP. Is Oceanpal stock a good investment? Should you buy shares of OP? How do OP's underlying business fundamentals look? Do top analysts think Oceanpal is a good buy? Why has OP's stock price moved recently? (Hint: Our stock research tools can help you understand if OP is a good stock to buy).
- Execute your OP trade: Decide if you will purchase OP shares at the current market price or use a limit order to purchase OP stock at a particular price.
- Keep tabs on your OP position: Create a watchlist to get live updates on your new investment in Oceanpal shares.
Step 1: Choose where to buy Oceanpal stock
You need an online brokerage account to access the NASDAQ market and buy OP shares.
Our favorite brokerage: eToro
We believe that eToro is the best brokerage. eToro gives you:
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- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you are able to invest in OP today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start your new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have filled out your info on the best beginner stock app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring funds into your investment account.
Step 4: Evaluate Oceanpal stock
After you have figured out the best place to buy Oceanpal stock, it's important to research their stock prior to investing, so you can comprehend the risk and upside.
Oceanpal shares quick numbers
Fundamentals of Oceanpal
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.
You can view all of the due diligence checks on OP's stock page.
What is the fair value of OP stock?
Investors use many financial metrics, analyses, models, and charts to gauge OP's intrinsic value.
Using relative valuations methods:
- OP may be undervalued based on its P/B ratio of 0.06x, relative to Marine Shipping industry P/B ratio of 0.69x
You can access more valuation analysis on OP's stock here.
How do OP Financials look?
Positive Health Checks:
- OP has $7.16M in cash and short term investments. This is sufficient to cover its annual cash burn of $4.67M.
- OP has a low debt to equity ratio of 0.06.
- OP has cash burn of 4670000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the OP balance sheet.
- There are more short-term assets than short-term liabilities on the OP balance sheet.
Negative Health Checks:
- Total OP debt is higher than 5 years ago, relative to shareholder equity.
- OP profit margin has gone down from -35.4% to -76.8% in the past year.
OP Technicals
OP Performance Metrics
Last year, OP revenue was $25.70M. During the past five year, OP's revenue has increased by 15.75% per year. This was slower than the Marine Shipping industry average of 37.34%.
Dig into OP's earnings and revenue performance here.
Latest Insiders Trades at OP
Over the past 12 months, executives and large shareholders at OP have not bought or sold any shares.
Learn more about who owns OP stock here.
Can I get consistent income from OP stock?
No, Oceanpal doesn't provide an income stream by paying out dividends.
What others are saying about OP
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your OP trade
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you need additional help investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your OP position
Now that you own some OP shares, you'll want to keep up with your investment.
Start a watchlist to get the latest updates about your OP stock.
OP Feed
How to Buy Stock in Oceanpal
To reiterate, here are the 6 steps you need to take to buy Oceanpal stock right now:
- Choose where to buy Oceanpal stock
- Create your brokerage account
- Deposit money your investment account
- Evaluate Oceanpal stock
- Execute your OP trade
- Keep tabs on your OP position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Oceanpal, click below.
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