Golden Ocean Group Limited (GOGL) concluded trading on Wednesday at a closing price of $9.82, with 7.54 million shares of worth about $74.03 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.77% during that period and on Wednesday the price saw a gain of about 4.47%. Currently the company’s common shares owned by public are about 200.03M shares, out of which, 119.13M shares are available for trading.
Stock saw a price change of 4.36% in past 5 days and over the past one month there was a price change of 9.97%. Year-to-date (YTD), GOGL shares are showing a performance of 9.60% which decreased to -17.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.52 but also hit the highest price of $15.77 during that period. The average intraday trading volume for Golden Ocean Group Limited shares is 1.76 million. The stock is currently trading 4.93% above its 20-day simple moving average (SMA20), while that difference is up 7.50% for SMA50 and it goes to -15.29% lower than SMA200.
Golden Ocean Group Limited (NASDAQ: GOGL) currently have 200.03M outstanding shares and institutions hold larger chunk of about 33.72% of that.
The stock has a current market capitalization of $1.96B and its 3Y-monthly beta is at 1.19. PE ratio of stock for trailing 12 months is 8.12, while it has posted earnings per share of $1.21 in the same period. Its PEG reads 0.37 and has Quick Ratio of 1.22 while making debt-to-equity ratio of 0.73. 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 3.17% while standing at 2.51% over the month.
Stock’s fiscal year EPS is expected to drop by -23.58% while it is estimated to increase by 112.40% in next year. EPS is likely to grow at an annualized rate of 21.86% 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.
