Golden Ocean Group Limited (NASDAQ: GOGL) is -37.97% lower on its value in year-to-date trading and has touched a low of $6.27 and a high of $13.50 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 $8.41 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $8.25, the stock is 5.80% and 6.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.32 million and changing -1.90% at the moment leaves the stock -9.85% off its SMA200. GOGL registered -7.92% loss for a year compared to 6-month loss of -8.23%. The firm has a 50-day simple moving average (SMA 50) of $7.7354 and a 200-day simple moving average (SMA200) of $9.15105.
The stock witnessed a 5.50% gain in the last 1 month and extending the period to 3 months gives it a 20.44%, and is 3.90% 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 2.97% over the week and 2.44% over the month.
Golden Ocean Group Limited (GOGL) has around 44 employees, a market worth around $1.65B and $863.61M in sales. Current P/E ratio is 14.52 and Fwd P/E is 4.96. Profit margin for the company is 13.16%. Distance from 52-week low is 31.58% and -38.89% 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 -39.21% this year.
Golden Ocean Group Limited (GOGL) Top Institutional Holders
252.0 institutions hold shares in Golden Ocean Group Limited (GOGL), with institutional investors hold 68.84% of the company’s shares. The shares outstanding are 199.40M, and float is at 99.51M with Short Float at 5.49%. Institutions hold 34.87% 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 2.6184% 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.
Golden Ocean Group Limited (GOGL) Insider Activity
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