Golden Ocean Group Limited (NASDAQ: GOGL) is -41.55% lower on its value in year-to-date trading and has touched a low of $6.27 and a high of $14.28 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 $7.63 in the last trading session, with the day’s loss setting it -4.38%.
Currently trading at $3.25M, the stock is -0.72% and -0.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing 1767240% at the moment leaves the stock -19.26% off its SMA200. GOGL registered -15.07% loss for a year compared to 6-month loss of -14.01%.
The stock witnessed a 0.93% gain in the last 1 month and extending the period to 3 months gives it a -0.91%, and is -4.40% 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 1.13% over the week and 1.50% over the month.
Golden Ocean Group Limited (GOGL) has around 44 employees, a market worth around $1.52B and $863.61M in sales. Current P/E ratio is 13.39 and Fwd P/E is 4.20. Profit margin for the company is 13.16%. Distance from 52-week low is 21.37% and -46.73% from its 52-week high. The company has generated returns on investments over the last 12 months (3.74%).
The EPS is expected to shrink by -37.66% this year.
Golden Ocean Group Limited (GOGL) Top Institutional Holders
The shares outstanding are 199.40M, and float is at 99.51M with Short Float at 6.71%.
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.
