Golden Ocean Group Limited (NASDAQ: GOGL) is -9.93% 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 $7.95 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $8.07, the stock is 6.05% and 4.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing 1.51% at the moment leaves the stock -19.23% off its SMA200. GOGL registered -46.13% loss for a year compared to 6-month loss of -31.73%.
The stock witnessed a 10.70% gain in the last 1 month and extending the period to 3 months gives it a -12.00%, and is 5.77% 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 2.01% over the week and 2.54% over the month.
Golden Ocean Group Limited (GOGL) has around 44 employees, a market worth around $1.61B and $968.42M in sales. Current P/E ratio is 7.22 and Fwd P/E is 4.93. Profit margin for the company is 23.05%. Distance from 52-week low is 28.71% and -48.83% from its 52-week high. The company has generated returns on investments over the last 12 months (7.10%).
The EPS is expected to shrink by -43.20% this year
The shares outstanding are 199.40M, and float is at 99.51M with Short Float at 6.69%.
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 3.714 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 2.6184 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.
