Golden Ocean Group Limited (NASDAQ: GOGL) is 37.40% higher on its value in year-to-date trading and has touched a low of $6.89 and a high of $15.77 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 $13.82 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $13.41, the stock is -8.27% and -3.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing -2.97% at the moment leaves the stock 27.45% off its SMA200. GOGL registered 76.45% gain for a year compared to 6-month gain of 53.26%.
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The stock witnessed a -8.90% loss in the last 1 month and extending the period to 3 months gives it a -3.73%, and is -6.81% 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 1.67% over the week and 2.01% over the month.
Golden Ocean Group Limited (GOGL) has around 38 employees, a market worth around $2.68B and $935.99M in sales. Current P/E ratio is 14.36 and Fwd P/E is 8.09. Profit margin for the company is 19.92%. Distance from 52-week low is 94.63% and -14.97% from its 52-week high. The company has generated returns on investments over the last 12 months (5.74%).
The EPS is expected to grow by 154.39% this year.
Golden Ocean Group Limited (GOGL) Top Institutional Holders
The shares outstanding are 199.63M, and float is at 118.95M with Short Float at 3.48%.
