Golden Ocean Group Limited (NASDAQ: GOGL) is 18.55% higher on its value in year-to-date trading and has touched a low of $6.89 and a high of $11.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GOGL stock was last observed hovering at around $11.90 in the last trading session, with the day’s loss setting it -0.33%.
Currently trading at $11.57, the stock is 5.73% and 13.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing -2.77% at the moment leaves the stock 37.85% off its SMA200. GOGL registered 11.90% gain for a year compared to 6-month gain of 65.29%. The firm has a 50-day simple moving average (SMA 50) of $4.25 and a 200-day simple moving average (SMA200) of $10.92.
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The stock witnessed a 10.09% loss in the last 1 month and extending the period to 3 months gives it a 31.33%, and is 4.99% up 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 1.85% over the week and 2.00% over the month.
Golden Ocean Group Limited (GOGL) has around 38 employees, a market worth around $2.31B and $881.12M in sales. Current P/E ratio is 18.84 and Fwd P/E is 10.33. Profit margin for the company is 13.96%. Distance from 52-week low is 67.92% and -3.10% from its 52-week high. The company has generated returns on investments over the last 12 months (3.75%).
Golden Ocean Group Limited quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $193.12M over the same period.The EPS is expected to shrink by -73.27% this year, but quarterly earnings will post -20.40% year-over-year. Quarterly sales are estimated to grow 7.10% in year-over-year returns.
Golden Ocean Group Limited (GOGL) Top Institutional Holders
234 institutions hold shares in Golden Ocean Group Limited (GOGL), with institutional investors hold 49.55% of the company’s shares. The shares outstanding are 200.49M, and float is at 119.05M with Short Float at 3.34%. Institutions hold 30.03% of the Float.
The top institutional shareholder in the company is Folketrygdfondet with over 8.86 million shares valued at $66.87 million. The investor’s holdings represent 4.42% of the GOGL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.18 million shares valued at $46.68 million to account for 3.08% of the shares outstanding. The other top investors are State Street Corporation which holds 1.93 million shares representing 0.96% and valued at over $14.58 million, while MIRABELLA FINANCIAL SERVICES LLP holds 0.78% of the shares totaling 1.57 million with a market value of $11.87 million.
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 24.91% up over the past 12 months. Golar LNG Ltd. (GLNG) that is -6.50% lower over the same period.
