Golden Ocean Group Limited (GOGL) concluded trading on Wednesday at a closing price of $7.76, with 3.44 million shares of worth about $26.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.06% during that period and on Wednesday the price saw a gain of about 1.31%. Currently the company’s common shares owned by public are about 199.40M shares, out of which, 116.86M shares are available for trading.
Stock saw a price change of -4.20% in past 5 days and over the past one month there was a price change of -18.83%. Year-to-date (YTD), GOGL shares are showing a performance of -13.39% which decreased to -39.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.49 but also hit the highest price of $15.77 during that period. The average intraday trading volume for Golden Ocean Group Limited shares is 2.92 million. The stock is currently trading -11.73% below its 20-day simple moving average (SMA20), while that difference is down -13.90% for SMA50 and it goes to -30.24% lower than SMA200.
Golden Ocean Group Limited (NASDAQ: GOGL) currently have 199.40M outstanding shares and institutions hold larger chunk of about 33.80% of that.
The stock has a current market capitalization of $1.55B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 6.95, while it has posted earnings per share of $1.12 in the same period. Its PEG reads 0.28 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 2.79% while standing at 4.05% over the month.
Stock’s fiscal year EPS is expected to drop by -35.24% while it is estimated to increase by 121.13% in next year. EPS is likely to shrink at an annualized rate of 24.99% for next 5-years, compared to annual growth of 33.97% 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.
