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 $2.53, up 0.4% from the previous day, and has decreased 59.96% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.84 percentage points. Oceanpal stock is currently +100.79% from its 52-week low of $1.26, and -62.24% from its 52-week high of $6.70.
There are currently 7.45M shares of OP outstanding. The market value of OP is $18.84M. In the last 24 hours, 28,805 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:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Tech to Real Estate, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- 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.
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 0.2x, relative to Marine Shipping industry P/B ratio of 0.94x
You can access more valuation analysis on OP's stock here.
How do OP Financials look?
Positive Health Checks:
- OP has $14.84M in cash and short term investments. This is sufficient to cover its annual cash burn of $3.55M.
- OP has a low debt to equity ratio of 0.03.
- OP has cash burn of 3553000. 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:
- OP profit margin has gone down from -14% to -35.4% in the past year.
OP Trading Indicators
Is OP Growing Revenue?
Last year, OP revenue was $18.96M. During the last 4 year, OP's revenue has increased by 11.26% per year. This was slower than the Marine Shipping industry average of 15.68%.
You can research OP's earnings and revenue performance here.
What are OP insiders up to?
Over the last 12 months, insiders at OP have not bought or sold any shares.
Research more about who owns OP shares here.
Does OP provide a stable income stream?
No, Oceanpal doesn't provide an income stream by paying out dividends.
What others are saying about OP
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your OP trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price, use a limit order.
Press the Open Trade button and your broker will place your order.
If you want more help with buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your OP position
Now that you own some OP stock, you'll want to stay up-to-date on your company.
Start a watchlist to see the latest developments about your OP stock.
OP Feed
How to Buy Stock in Oceanpal
To summarize, 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 need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your new investment in Oceanpal, create a watchlist on WallStreetZen today.
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