Golden Ocean Group Limited (NASDAQ: GOGL) is -17.52% lower on its value in year-to-date trading and has touched a low of $6.27 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 $6.85 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $7.39, the stock is -3.74% and -13.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.74 million and changing 7.88% at the moment leaves the stock -30.47% off its SMA200. GOGL registered -42.45% loss for a year compared to 6-month loss of -39.53%. The firm has a 50-day simple moving average (SMA 50) of $8.5442 and a 200-day simple moving average (SMA200) of $10.6287.
The stock witnessed a -6.22% gain in the last 1 month and extending the period to 3 months gives it a -20.79%, and is 14.04% 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 9.84% over the week and 5.18% over the month.
Golden Ocean Group Limited (GOGL) has around 44 employees, a market worth around $1.47B and $968.42M in sales. Current P/E ratio is 6.62 and Fwd P/E is 4.57. Profit margin for the company is 23.05%. Distance from 52-week low is 17.86% and -53.14% from its 52-week high. The company has generated returns on investments over the last 12 months (7.10%).
with sales reaching $106.48M over the same period.The EPS is expected to shrink by -34.24% this year, but quarterly earnings will post -15.87% year-over-year. Quarterly sales are estimated to shrink -45.86% in year-over-year returns.
Golden Ocean Group Limited (GOGL) Top Institutional Holders
267.0 institutions hold shares in Golden Ocean Group Limited (GOGL), with institutional investors hold 74.14% of the company’s shares. The shares outstanding are 199.40M, and float is at 99.51M with Short Float at 7.33%. Institutions hold 37.55% of the Float.
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 3.714% 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 3.2349 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 2.1898 of the shares totaling 4.41 million with a market value of $60.99 million.
Golden Ocean Group Limited (GOGL) Insider Activity
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