The stock price of Golden Ocean Group Limited (NASDAQ: GOGL) has plunged by -2.48 when compared to previous closing price of 9.27, but the company has seen a 0.56% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-05 that Four low-priced Dividend Power stocks, Golden Ocean, Invesco Mortgage, ARMOUR Residential, and FutureFuel, offer safer dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for top Dividend Power stocks, with an average net gain of 79.97% on $10k invested in the top ten.
Is It Worth Investing in Golden Ocean Group Limited (NASDAQ: GOGL) Right Now?
The price-to-earnings ratio for Golden Ocean Group Limited (NASDAQ: GOGL) is above average at 7.47x. The 36-month beta value for GOGL is also noteworthy at 1.19. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for GOGL is 119.13M, and at present, short sellers hold a 3.93% of that float. The average trading volume of GOGL on January 16, 2025 was 1.57M shares.
GOGL’s Market Performance
The stock of Golden Ocean Group Limited (GOGL) has seen a 0.56% increase in the past week, with a -0.77% drop in the past month, and a -20.56% fall in the past quarter. The volatility ratio for the week is 2.52%, and the volatility levels for the past 30 days are at 2.39% for GOGL. The simple moving average for the past 20 days is 0.46% for GOGL’s stock, with a -25.72% simple moving average for the past 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 previous 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 -9.86% 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 -42.68% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +0.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.94% lower at present.
During the last 5 trading sessions, GOGL rose by +0.61%, which changed the moving average for the period of 200-days by -29.88% in comparison to the 20-day moving average, which settled at $9.00. In addition, Golden Ocean Group Limited saw 0.89% 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:
- 0.35 for the present operating margin
- 0.36 for the gross margin
The net margin for Golden Ocean Group Limited stands at 0.24. The total capital return value is set at 0.11. Equity return is now at value 12.68, with 6.92 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 0.28. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is 3.12.
Currently, EBITDA for the company is 352.02 million with net debt to EBITDA at 2.67. When we switch over and look at the enterprise to sales, we see a ratio of 3.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
In summary, Golden Ocean Group Limited (GOGL) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
