Golden Ocean Group Limited (NASDAQ:GOGL) went down by -2.84% from its latest closing price compared to the recent 1-year high of $12.17. The company’s stock price has collected -10.78% of loss in the last five trading sessions. Press Release reported on 10/11/21 that GOGL – Sale of two Panamax vessels and agreement to construct four Kamsarmax vessels
Is It Worth Investing in Golden Ocean Group Limited (NASDAQ :GOGL) Right Now?
Golden Ocean Group Limited (NASDAQ:GOGL) scored a price-to-earnings ratio above its average ratio, recording 9.09 x from its present earnings ratio. Plus, the 36-month beta value for GOGL is at 1.79. Opinions of the stock are interesting as 5 analysts out of 8 who provided ratings for Golden Ocean Group Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $13.44, which is $2.9 above the current price. GOGL currently public float of 121.57M and currently shorts hold a 1.16% ratio of that float. Today, the average trading volume of GOGL was 1.39M shares.
GOGL’s Market Performance
GOGL stocks went down by -10.78% for the week, with a monthly drop of -14.76% and a quarterly performance of -2.07%, while its annual performance rate touched 154.94%. The volatility ratio for the week stands at 3.17% while the volatility levels for the past 30 days are set at 3.86% for Golden Ocean Group Limited. The simple moving average for the period of the last 20 days is -6.90% for GOGL stocks with a simple moving average of 15.66% for the last 200 days.
Analysts’ Opinion of GOGL
Many brokerage firms have already submitted their reports for GOGL stocks, with H.C. Wainwright repeating the rating for GOGL by listing it as a “Neutral.” The predicted price for GOGL in the upcoming period, according to H.C. Wainwright is $13 based on the research report published on September 13th of the current year 2021.
GOGL Trading at -7.02% from the 50-Day Moving Average
After a stumble in the market that brought GOGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.41% of loss for the given period.
Volatility was left at 3.86%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -12.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.61% upper at present.
During the last 5 trading sessions, GOGL fell by -10.78%, which changed the moving average for the period of 200-days by +114.94% in comparison to the 20-day moving average, which settled at $10.59. In addition, Golden Ocean Group Limited saw 114.47% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GOGL
Current profitability levels for the company are sitting at:
- +4.99 for the present operating margin
- +7.25 for the gross margin
The net margin for Golden Ocean Group Limited stands at -22.65. The total capital return value is set at 1.11, while invested capital returns managed to touch -5.28. Equity return is now at value 12.30, with 6.50 for asset returns.
Based on Golden Ocean Group Limited (GOGL), the company’s capital structure generated 90.50 points at debt to equity in total, while total debt to capital is 47.51. Total debt to assets is 45.52, with long-term debt to equity ratio resting at 81.14. Finally, the long-term debt to capital ratio is 42.59.
When we switch over and look at the enterprise to sales, we see a ratio of 2.83, with the company’s debt to enterprise value settled at 0.72. The receivables turnover for the company is 6.46 and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.