Golden Ocean Group Limited (NASDAQ: GOGL) has a higher price-to-earnings ratio of 11.18x compared to its average ratio. GOGL has 36-month beta value of 1.20. 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.”
The public float for GOGL is 119.11M, and currently, short sellers hold a 3.69% ratio of that float. The average trading volume of GOGL on September 19, 2024 was 1.39M shares.
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GOGL) stock’s latest price update
Golden Ocean Group Limited (NASDAQ: GOGL)’s stock price has plunge by 0.42relation to previous closing price of 11.93. Nevertheless, the company has seen a 7.25% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-12 that Interim CEO and CFO Peder Simonsen will be presenting Golden Ocean Group Limited at Pareto Securities’ 31st Energy Conference today, September 12, 2024.
GOGL’s Market Performance
Golden Ocean Group Limited (GOGL) has experienced a 7.25% rise in stock performance for the past week, with a -1.48% drop in the past month, and a -7.99% drop in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 2.10% for GOGL. The simple moving average for the last 20 days is 0.88% for GOGL stock, with a simple moving average of -2.03% for the last 200 days.
Analysts’ Opinion of GOGL
Many brokerage firms have already submitted their reports for GOGL stocks, with Jefferies repeating the rating for GOGL by listing it as a “Hold.” The predicted price for GOGL in the upcoming period, according to Jefferies is $15.50 based on the research report published on May 22, 2024 of the current year 2024.
Jefferies gave a rating of “Buy” to GOGL, setting the target price at $11 in the report published on October 24th of the previous year.
GOGL Trading at -2.11% 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 -24.03% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -1.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.69% lower at present.
During the last 5 trading sessions, GOGL rose by +7.25%, which changed the moving average for the period of 200-days by +26.77% in comparison to the 20-day moving average, which settled at $11.87. In addition, Golden Ocean Group Limited saw 22.75% 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:
- 0.31 for the present operating margin
- 0.33 for the gross margin
The net margin for Golden Ocean Group Limited stands at 0.22. The total capital return value is set at 0.09. Equity return is now at value 11.25, with 6.18 for asset returns.
Based on Golden Ocean Group Limited (GOGL), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 2.64.
Currently, EBITDA for the company is 326.75 million with net debt to EBITDA at 2.99. When we switch over and look at the enterprise to sales, we see a ratio of 3.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
