Currently, there are 199.40M common shares owned by the public and among those 198.22M shares have been available to trade.
The company’s stock has a 5-day price change of -22.66% and -21.49% over the past three months. GOGL shares are trading -13.17% year to date (YTD), with the 12-month market performance down to -42.79% lower. It has a 12-month low price of $8.20 and touched a high of $15.77 over the same period. GOGL has an average intraday trading volume of 2.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.90%, -15.03%, and -31.27% respectively.
Institutional ownership of Golden Ocean Group Limited (NASDAQ: GOGL) shares accounts for 33.84% of the company’s 199.40M shares outstanding.
It has a market capitalization of $1.56B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 6.96, while the earnings-per-share (ttm) stands at $1.12. The company has a PEG of 0.28 and a Quick Ratio of 1.22 with the debt-to-equity ratio at 0.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.23% over the week and 3.82% over the month.
Earnings per share for the fiscal year are expected to decrease by -35.15%, and 120.41% over the next financial year. EPS should shrink at an annualized rate of 24.67% over the next five years, compared to 33.97% over the past 5-year period.
Looking at the support for the GOGL, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on May 22, 2024, with the firm’s price target at $15.50. Jefferies was of a view on October 24, 2023 that the stock is Buy, while Jefferies gave the stock Hold rating on September 26, 2022, issuing a price target of $14- $10. Jefferies on their part issued Buy rating on July 21, 2022.
