Golden Ocean Group Limited (NASDAQ: GOGL) is 15.88% higher on its value in year-to-date trading and has touched a low of $7.14 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 $11.29 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $11.31, the stock is 1.47% and -4.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 0.18% at the moment leaves the stock -10.56% off its SMA200. GOGL registered 49.60% gain for a year compared to 6-month loss of -23.17%. The firm has a 50-day simple moving average (SMA 50) of $11.8478 and a 200-day simple moving average (SMA200) of $12.6398.
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The stock witnessed a -10.10% gain in the last 1 month and extending the period to 3 months gives it a -3.66%, and is 5.80% 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 1.72% over the week and 1.64% over the month.
Golden Ocean Group Limited (GOGL) has around 38 employees, a market worth around $2.26B and $972.69M in sales. Current P/E ratio is 10.55 and Fwd P/E is 6.59. Profit margin for the company is 22.01%. Distance from 52-week low is 58.40% and -28.28% 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 130.77% this year
The shares outstanding are 199.63M, and float is at 119.11M with Short Float at 2.67%.
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.
