Golden Ocean Group Limited (NASDAQ: GOGL)’s stock price has increased by 5.16 compared to its previous closing price of 9.02. However, the company has seen a 7.05% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-22 that Golden Ocean owns 91 dry bulk vessels with a combined capacity of 13.8 million deadweight tons, one of the industry’s largest fleets and second only to Star Bulk. With an average age of 7.7 years, Golden Ocean has one of the youngest fleets in the industry, only behind Himalaya Shipping and its fleet of brand-new Newcastlemax carriers. Given Golden Ocean’s size, general and administrative expenses represented only 6.1% of TCE revenues in the first nine months of 2024, which is among the lowest among industry peers.
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 7.84x, which is above its average ratio. Moreover, the 36-month beta value for GOGL is 1.20. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for GOGL is 119.13M and currently, short sellers hold a 4.06% of that float. On February 04, 2025, GOGL’s average trading volume was 1.67M shares.
GOGL’s Market Performance
GOGL’s stock has seen a 7.05% increase for the week, with a 1.55% rise in the past month and a -11.52% fall in the past quarter. The volatility ratio for the week is 2.89%, and the volatility levels for the past 30 days are at 2.61% for Golden Ocean Group Limited The simple moving average for the past 20 days is 4.50% for GOGL’s stock, with a -20.53% 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 1.08% 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 -39.85% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares surge +4.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.35% 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 -27.41% in comparison to the 20-day moving average, which settled at $9.08. In addition, Golden Ocean Group Limited saw 5.86% 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 3.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
To wrap up, the performance of Golden Ocean Group Limited (GOGL) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
