Why should you keep an eye on Golden Ocean Group Limited (GOGL)?

Golden Ocean Group Limited (NASDAQ: GOGL) is 19.36% higher on its value in year-to-date trading and has touched a low of $7.09 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 $11.47 in the last trading session, with the day’s gains setting it 0.18%.

Currently trading at $11.65, the stock is -2.20% and -5.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 1.57% at the moment leaves the stock -4.41% off its SMA200. GOGL registered 56.59% gain for a year compared to 6-month loss of -9.62%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a -3.32% gain in the last 1 month and extending the period to 3 months gives it a -13.12%, and is 2.46% 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 2.55% over the week and 2.07% over the month.

Golden Ocean Group Limited (GOGL) has around 38 employees, a market worth around $2.33B and $972.69M in sales. Current P/E ratio is 10.87 and Fwd P/E is 6.80. Profit margin for the company is 22.01%. Distance from 52-week low is 64.32% and -26.13% from its 52-week high. The company has generated returns on investments over the last 12 months (6.66%).

The EPS is expected to grow by 144.15% this year.

Golden Ocean Group Limited (GOGL) Top Institutional Holders

The shares outstanding are 199.63M, and float is at 119.11M with Short Float at 3.69%.

The top institutional shareholder in the company is FOLKETRYGDFONDET with over 7.49 million shares valued at $103.32 million. The investor’s holdings represent 3.7498% of the GOGL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.52 million shares valued at $90.0 million to account for 3.2661 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.28 million shares representing 2.6436% and valued at over $72.85 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 2.2108 of the shares totaling 4.41 million with a market value of $60.99 million.