Golden Ocean Group Limited (GOGL) concluded trading on Thursday at a closing price of $11.47, with 2.09 million shares of worth about $24.02 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.84% during that period and on September 12, 2024 the price saw a gain of about 2.69%. Currently the company’s common shares owned by public are about 199.63M shares, out of which, 119.11M shares are available for trading.
Stock saw a price change of -0.86% in past 5 days and over the past one month there was a price change of -4.50%. Year-to-date (YTD), GOGL shares are showing a performance of 17.52% which increased to 55.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.09 but also hit the highest price of $15.77 during that period. The average intraday trading volume for Golden Ocean Group Limited shares is 1.42 million. The stock is currently trading -3.94% below its 20-day simple moving average (SMA20), while that difference is down -7.47% for SMA50 and it goes to -5.79% lower than SMA200.
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Golden Ocean Group Limited (NASDAQ: GOGL) currently have 199.63M outstanding shares and institutions hold larger chunk of about 34.69% of that.
The stock has a current market capitalization of $2.29B and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 10.70, while it has posted earnings per share of $1.07 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 0.74. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GOGL, volatility over the week remained 2.96% while standing at 2.15% over the month.
Stock’s fiscal year EPS is expected to rise by 144.15% while it is estimated to increase by 25.39% in next year. EPS is likely to grow at an annualized rate of -0.20% for next 5-years, compared to annual growth of -0.88% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on May 22, 2024 offering a Hold rating for the stock and assigned a target price of $15.50 to it. On October 24, 2023, Jefferies Upgrade their recommendations, while on September 26, 2022, Jefferies Downgrade their ratings for the stock with a price target of $10. Stock get a Buy rating from Jefferies on July 21, 2022.
