OceanPal Inc (NASDAQ: OP) is -76.54% lower on its value in year-to-date trading and has touched a low of $0.47 and a high of $3.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OP stock was last observed hovering at around $0.63 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $0.47, the stock is -69.77% and -62.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.99 million and changing -25.90% at the moment leaves the stock -60.99% off its SMA200. OP registered -59.76% loss for a year compared to 6-month gain of -61.74%. The firm has a 50-day simple moving average (SMA 50) of $1.23016 and a 200-day simple moving average (SMA200) of $1.196715.
The stock witnessed a -67.58% loss in the last 1 month and extending the period to 3 months gives it a -32.54%, and is -68.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 43.04% over the week and 22.68% over the month.
OceanPal Inc (OP) has around 87 employees, a market worth around $3.50M and $25.70M in sales. Profit margin for the company is -76.76%. Distance from 52-week low is -0.69% and -85.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.38%).
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OceanPal Inc (OP) Top Institutional Holders
19.0 institutions hold shares in OceanPal Inc (OP), with institutional investors hold 1.28% of the company’s shares. The shares outstanding are 7.50M, and float is at 7.50M with Short Float at 8.18%. Institutions hold 0.27% of the Float.
The top institutional shareholder in the company is CITADEL ADVISORS LLC with over 23094.0 shares valued at $42955.0. The investor’s holdings represent 0.3099% of the OP Shares outstanding. As of 2024-06-30, the second largest holder is SQUAREPOINT OPS LLC with 10074.0 shares valued at $18738.0 to account for 0.1352 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 1485.0 shares representing 0.0199% and valued at over $2762.0, while PNC FINANCIAL SERVICES GROUP, INC. holds 0.0092 of the shares totaling 683.0 with a market value of $1270.0.
