Golden Ocean Group Limited (NASDAQ: GOGL) is -9.44% lower on its value in year-to-date trading and has touched a low of $7.24 and a high of $16.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GOGL stock was last observed hovering at around $8.07 in the last trading session, with the day’s loss setting it -0.2% off its average median price target of $13.11 for the next 12 months. It is also 52.1% off the consensus price target high of $16.43 offered by 10 analysts, but current levels are -0.9% lower than the price target low of $7.80 for the same period.
Currently trading at $7.87, the stock is -8.71% and -13.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing -2.48% at the moment leaves the stock -13.98% off its SMA200. GOGL registered -49.42% loss for a year compared to 6-month gain of -6.53%. The firm has a 50-day simple moving average (SMA 50) of $2.70 and a 200-day simple moving average (SMA200) of $5.42.
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The stock witnessed a -15.92% loss in the last 1 month and extending the period to 3 months gives it a -20.90%, and is -6.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.45% over the week and 2.87% over the month.
Golden Ocean Group Limited (GOGL) has around 38 employees, a market worth around $1.62B and $1.11B in sales. Current P/E ratio is 3.42 and Fwd P/E is 5.51. Distance from 52-week low is 8.70% and -52.18% from its 52-week high. The company has generated returns on investments over the last 12 months (13.80%).
Golden Ocean Group Limited (GOGL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Golden Ocean Group Limited (GOGL) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 1.70, where 3 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Golden Ocean Group Limited is expected to release its quarterly report on 08/31/2023.The EPS is expected to shrink by -16.00% this year.
Golden Ocean Group Limited (GOGL) Top Institutional Holders
The shares outstanding are 200.42M, and float is at 122.22M with Short Float at 4.03%.
Golden Ocean Group Limited (GOGL) Insider Activity
A total of 0 insider transactions have happened at Golden Ocean Group Limited (GOGL) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Golden Ocean Group Limited (GOGL): Who are the competitors?
The company’s main competitors (and peers) include Frontline plc (FRO) that is trading 64.30% up over the past 12 months and Golar LNG Limited (GLNG) that is -6.77% lower over the same period. Star Bulk Carriers Corp. (SBLK) is -43.15% down on the 1-year trading charts.
