On Tuesday, Golden Ocean Group Limited (NASDAQ: GOGL) opened higher 4.25% from the last session, before settling in for the closing price of $10.83. Price fluctuations for GOGL have ranged from $7.14 to $15.77 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 12.74%. Company’s average yearly earnings per share was noted 130.77% at the time writing. With a float of $119.11 million, this company’s outstanding shares have now reached $199.63 million.
Considering the fact that the conglomerate employs 38 people, you should pay attention to its efficiency factor. 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 Activity
A key investor’s attitude towards the stock of the Marine Shipping industry is another important factor to consider. The insider ownership of Golden Ocean Group Limited is 40.45%, while institutional ownership is 33.18%.
Golden Ocean Group Limited (GOGL) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 130.77% 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
Check out the current performance indicators for Golden Ocean Group Limited (GOGL). In the past quarter, the stock posted a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.32. Likewise, its price to free cash flow for the trailing twelve months is 13.43.
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 1.72 in one year’s time.
Technical Analysis of Golden Ocean Group Limited (GOGL)
Compared to the last year’s volume of 1.58 million, its volume of 1.27 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 59.62%. Additionally, its Average True Range was 0.27.
During the past 100 days, Golden Ocean Group Limited’s (GOGL) raw stochastic average was set at 18.50%, which indicates a significant decrease from 87.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.53% in the past 14 days, which was lower than the 33.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.85, while its 200-day Moving Average is $12.64. Nevertheless, the first resistance level for the watch stands at $11.39 in the near term. At $11.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.60. If the price goes on to break the first support level at $11.18, it is likely to go to the next support level at $11.06. Should the price break the second support level, the third support level stands at $10.97.
Golden Ocean Group Limited (NASDAQ: GOGL) Key Stats
There are currently 200,028K shares outstanding in the company with a market cap of 2.26 billion. Presently, the company’s annual sales total 885,770 K according to its annual income of 112,270 K. Last quarter, the company’s sales amounted to 250,090 K and its income totaled 62,490 K.
