Golden Ocean Group Limited (GOGL) concluded trading on Wednesday at a closing price of $7.05, with 7.56 million shares of worth about $53.32 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -45.48% during that period and on April 09, 2025 the price saw a gain of about 8.29%. Currently the company’s common shares owned by public are about 199.40M shares, out of which, 99.51M shares are available for trading.
Stock saw a price change of -15.97% in past 5 days and over the past one month there was a price change of -9.38%. Year-to-date (YTD), GOGL shares are showing a performance of -21.32% which decreased to -44.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.37 but also hit the highest price of $15.77 during that period. The average intraday trading volume for Golden Ocean Group Limited shares is 3.95 million. The stock is currently trading -8.97% below its 20-day simple moving average (SMA20), while that difference is down -18.29% for SMA50 and it goes to -34.06% lower than SMA200.
Golden Ocean Group Limited (NASDAQ: GOGL) currently have 199.40M outstanding shares and institutions hold larger chunk of about 33.69% of that.
The stock has a current market capitalization of $1.41B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 6.31, while it has posted earnings per share of $1.12 in the same period. Its PEG reads 0.25 and has Quick Ratio of 1.06 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 11.00% while standing at 5.01% over the month.
Analysts are in expectations that Golden Ocean Group Limited (GOGL) stock would likely to be making an EPS of -0.15 in the current quarter, while forecast for next quarter EPS is 0.17 and it is 1.15 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.22 which is -0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.29 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -34.24% while it is estimated to increase by 145.03% 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.
