OceanPal Inc. (NASDAQ:OP) shares, rose in value on Friday, 05/13/22, with the stock price up by 3.95% to the previous day’s close as strong demand from buyers drove the stock to $0.56.
Actively observing the price movement in the last trading, the stock closed the session at $0.53, falling within a range of $0.511 and $0.569. The PE ratio was 185.00 over 12-month period. Referring to stock’s 52-week performance, its high was $12.09, and the low was $0.39. On the whole, OP has fluctuated by -10.91% over the past month.
The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 36.04%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of OP currently trading nearly -6.53% and -17.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.17, while the 7-day volatility ratio is showing 8.49% which for the 30-day chart, stands at 8.70%. Furthermore, OceanPal Inc. (OP)’s average true range (ATR) is 0.05.
Data on historical trading for OceanPal Inc. (NASDAQ:OP) indicates that the trading volumes over the past 10 days have averaged 0.48 million and over the past 3 months, they’ve averaged 5.27 million. According to company’s latest data on outstanding shares, there are 24.39 million shares outstanding.
Nearly 7.15% of OceanPal Inc.’s shares belong to company insiders and institutional investors own 3.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.26 million shares as on Jan 30, 2022, resulting in a short ratio of 0.17. According to the data, the short interest in OceanPal Inc. (OP) stood at 1.08% of shares outstanding as of Jan 30, 2022; the number of short shares registered in Dec 30, 2021 reached 0.14 million. The stock has fallen by -72.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OP stock heading into the next quarter.