Real-Time Update: Golden Ocean Group Limited (GOGL) Stock Navigates the Market with Up-to-Date Data

In the past week, GOGL stock has gone down by -0.08%, with a monthly decline of -4.53% and a quarterly surge of 29.61%. The volatility ratio for the week is 1.78%, and the volatility levels for the last 30 days are 2.01% for Golden Ocean Group Limited The simple moving average for the last 20 days is -2.91% for GOGL stock, with a simple moving average of 40.28% for the last 200 days.

Is It Worth Investing in Golden Ocean Group Limited (NASDAQ: GOGL) Right Now?

Golden Ocean Group Limited (NASDAQ: GOGL) has a higher price-to-earnings ratio of 22.50x compared to its average ratio. GOGL has 36-month beta value of 1.40. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 1 as “sell.”

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The public float for GOGL is 118.66M, and currently, short sellers hold a 4.21% ratio of that float. The average trading volume of GOGL on April 03, 2024 was 1.86M shares.

GOGL) stock’s latest price update

The stock of Golden Ocean Group Limited (NASDAQ: GOGL) has decreased by -1.94 when compared to last closing price of 12.90. Despite this, the company has experienced a -0.08% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-26 that Accompanying their lucrative dividends these stocks are enjoying positive earnings estimate revisions and currently sport a Zacks Rank #1 (Strong Buy) along with an “A” Zacks Style Scores grade for Momentum.

Analysts’ Opinion of GOGL

Jefferies, on the other hand, stated in their research note that they expect to see GOGL reach a price target of $11, previously predicting the price at $8. The rating they have provided for GOGL stocks is “Buy” according to the report published on October 24th, 2023.

Jefferies gave a rating of “Hold” to GOGL, setting the target price at $10 in the report published on September 26th of the previous year.

GOGL Trading at 6.47% 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 -9.32% of loss for the given period.

Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares sank -2.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.28% upper at present.

During the last 5 trading sessions, GOGL fell by -0.08%, which changed the moving average for the period of 200-days by +63.23% in comparison to the 20-day moving average, which settled at $13.01. In addition, Golden Ocean Group Limited saw 29.61% 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:

  • 0.22 for the present operating margin
  • 0.24 for the gross margin

The net margin for Golden Ocean Group Limited stands at 0.13. The total capital return value is set at 0.06. Equity return is now at value 5.85, with 3.33 for asset returns.

Based on Golden Ocean Group Limited (GOGL), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is 1.91.

Currently, EBITDA for the company is 326.75 million with net debt to EBITDA at 3.98. When we switch over and look at the enterprise to sales, we see a ratio of 4.38. The receivables turnover for the company is 8.01for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.

Conclusion

To put it simply, Golden Ocean Group Limited (GOGL) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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