As on Thursday, Golden Ocean Group Limited (NASDAQ: GOGL) started slowly as it slid -3.24% to $12.54, before settling in for the price of $12.96 at the close. Taking a more long-term approach, GOGL posted a 52-week range of $6.89-$15.77.
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The Industrials sector firm’s twelve-monthly sales growth has been 12.74% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -0.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 163.19%. This publicly-traded company’s shares outstanding now amounts to $199.63 million, simultaneously with a float of $119.11 million. The organization now has a market capitalization sitting at $2.51 billion. At the time of writing, stock’s 50-day Moving Average stood at $13.76, while the 200-day Moving Average is $11.48.
Golden Ocean Group Limited (GOGL) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Marine Shipping industry. Golden Ocean Group Limited’s current insider ownership accounts for 40.45%, in contrast to 30.83% institutional ownership.
Golden Ocean Group Limited (GOGL) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.17 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.11) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.45 per share during the current fiscal year.
Golden Ocean Group Limited’s EPS increase for this current 12-month fiscal period is 163.19% and is forecasted to reach 1.67 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -0.20% through the next 5 years, which can be compared against the -0.88% growth it accomplished over the previous five years trading on the market.
Golden Ocean Group Limited (NASDAQ: GOGL) Trading Performance Indicators
Let’s observe the current performance indicators for Golden Ocean Group Limited (GOGL). It’s Quick Ratio in the last reported quarter now stands at 1.25. The Stock has managed to achieve an average true range (ATR) of 0.36. Alongside those numbers, its PE Ratio stands at $13.43, and its Beta score is 1.20. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.68.
In the same vein, GOGL’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.93, a figure that is expected to reach 0.29 in the next quarter, and analysts are predicting that it will be 1.67 at the market close of one year from today.
Technical Analysis of Golden Ocean Group Limited (GOGL)
Through scrutinizing the latest numbers posted by the [Golden Ocean Group Limited, GOGL], it can be observed that its last 5-days Average volume of 1.05 million was lower the volume of 1.67 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 28.75% While, its Average True Range was 0.36.
Raw Stochastic average of Golden Ocean Group Limited (GOGL) in the period of the previous 100 days is set at 7.71%, which indicates a major rise in contrast to 4.00% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 28.46% that was lower than 34.80% volatility it exhibited in the past 100-days period.