Golden Ocean Group Limited (NASDAQ: GOGL) kicked off on Monday, down -2.57% from the previous trading day, before settling in for the closing price of $11.28. Over the past 52 weeks, GOGL has traded in a range of $7.09-$15.77.
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A company in the Industrials sector has jumped its sales by 12.74% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 142.91%. With a float of $119.11 million, this company’s outstanding shares have now reached $199.63 million.
In an organization with 38 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 33.05%, operating margin of 30.88%, and the pretax margin is 22.07%.
Golden Ocean Group Limited (GOGL) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Marine Shipping Industry. The insider ownership of Golden Ocean Group Limited is 40.45%, while institutional ownership is 33.84%.
Golden Ocean Group Limited (GOGL) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.14 earnings per share (EPS), higher than consensus estimate (set at 0.06) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.49 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 142.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -0.20% during the next five years compared to -0.88% drop over the previous five years of trading.
Golden Ocean Group Limited (NASDAQ: GOGL) Trading Performance Indicators
Take a look at Golden Ocean Group Limited’s (GOGL) current performance indicators. Last quarter, stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.26. Likewise, its price to free cash flow for the trailing twelve months is 13.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.07, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 1.73 in one year’s time.
Technical Analysis of Golden Ocean Group Limited (GOGL)
Let’s dig in a bit further. During the last 5-days, its volume was 1.22 million. That was inferior than the volume of 1.59 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 10.50%. Additionally, its Average True Range was 0.31.
During the past 100 days, Golden Ocean Group Limited’s (GOGL) raw stochastic average was set at 7.21%, which indicates a significant increase from 0.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.73% in the past 14 days, which was lower than the 33.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.14, while its 200-day Moving Average is $12.60. However, in the short run, Golden Ocean Group Limited’s stock first resistance to watch stands at $11.14. Second resistance stands at $11.30. The third major resistance level sits at $11.38. If the price goes on to break the first support level at $10.90, it is likely to go to the next support level at $10.82. The third support level lies at $10.66 if the price breaches the second support level.
Golden Ocean Group Limited (NASDAQ: GOGL) Key Stats
The company with the Market Capitalisation of 2.20 billion has total of 199,628K Shares Outstanding. Its annual sales at the moment are 885,770 K in contrast with the sum of 112,270 K annual income. Company’s last quarter sales were recorded 250,090 K and last quarter income was 62,490 K.
