Golden Ocean Group Limited (NASDAQ: GOGL) is -9.32% lower on its value in year-to-date trading and has touched a low of $8.92 and a high of $15.77 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 $8.98 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $8.85, the stock is -12.15% and -18.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing -1.45% at the moment leaves the stock -29.49% off its SMA200. GOGL registered -3.38% loss for a year compared to 6-month loss of -32.03%. The firm has a 50-day simple moving average (SMA 50) of $10.9734 and a 200-day simple moving average (SMA200) of $12.5728.
The stock witnessed a -26.56% gain in the last 1 month and extending the period to 3 months gives it a -26.13%, and is -6.35% 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 2.13% over the week and 2.33% over the month.
Golden Ocean Group Limited (GOGL) has around 38 employees, a market worth around $1.77B and $1.01B in sales. Current P/E ratio is 7.32 and Fwd P/E is 6.37. Profit margin for the company is 23.89%. Distance from 52-week low is -0.78% and -43.88% from its 52-week high. The company has generated returns on investments over the last 12 months (7.57%).
with sales reaching $178.03M over the same period.The EPS is expected to grow by 104.61% this year, but quarterly earnings will post 21.75% year-over-year. Quarterly sales are estimated to shrink -9.52% in year-over-year returns.
Golden Ocean Group Limited (GOGL) Top Institutional Holders
The shares outstanding are 200.03M, and float is at 119.11M with Short Float at 3.65%.
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.
Golden Ocean Group Limited (GOGL) Insider Activity
#####
