Golden Ocean Group Limited (NASDAQ: GOGL) has a price-to-earnings ratio that is above its average at 7.53x. The stock has a 36-month beta value of 1.20. Opinions on the stock are mixed, 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 at present, short sellers hold a 3.83% of that float. On February 12, 2025, the average trading volume of GOGL was 1.69M shares.
GOGL) stock’s latest price update
The stock of Golden Ocean Group Limited (NASDAQ: GOGL) has decreased by -1.41 when compared to last closing price of 9.24. Despite this, the company has experienced a -3.09% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2025-02-12 that The Dividend Power strategy focuses on stocks with high earnings and dividend yields, creating a resilient portfolio for both downturns and bull markets. Top five Dividend Power stocks for February 2025 include Black Stone Minerals, AG Mortgage Investment, Golden Ocean, ARMOUR Residential, and Invesco Mortgage Capital. Analysts project significant net gains for top Dividend Power stocks, with AG Mortgage and Seanergy Maritime showing the highest potential returns by February 2026.
GOGL’s Market Performance
GOGL’s stock has fallen by -3.09% in the past week, with a monthly drop of -1.51% and a quarterly drop of -22.93%. The volatility ratio for the week is 1.83% while the volatility levels for the last 30 days are 2.44% for Golden Ocean Group Limited The simple moving average for the past 20 days is -0.10% for GOGL’s stock, with a -22.89% 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 -0.67% 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 -42.23% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -2.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.76% lower at present.
During the last 5 trading sessions, GOGL fell by -3.14%, which changed the moving average for the period of 200-days by -34.12% in comparison to the 20-day moving average, which settled at $9.12. In addition, Golden Ocean Group Limited saw 1.67% 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 3.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
To sum up, Golden Ocean Group Limited (GOGL) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
