On Tuesday, Golden Ocean Group Limited (NASDAQ: GOGL) was -1.50% drop from the session before settling in for the closing price of $11.99. A 52-week range for GOGL has been $7.34 – $15.77.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 12.74%. When this article was written, the company’s average yearly earnings per share was at 130.77%. With a float of $119.11 million, this company’s outstanding shares have now reached $199.63 million.
The extent of productivity of a business whose workforce counts for 38 workers is very important to gauge. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Golden Ocean Group Limited stocks. The insider ownership of Golden Ocean Group Limited is 40.45%, while institutional ownership is 33.09%.
Golden Ocean Group Limited (GOGL) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.14 earnings per share (EPS) during the time that was better than consensus figure (set at 0.06) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.45 per share during the current fiscal year.
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
You can see what Golden Ocean Group Limited (GOGL) is doing with its current performance indicators. In the most recent 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 2.43. Likewise, its price to free cash flow for the trailing twelve months is 14.05.
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)
The latest stats from [Golden Ocean Group Limited, GOGL] show that its last 5-days average volume of 1.55 million was inferior to 1.58 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 93.49%. Additionally, its Average True Range was 0.28.
During the past 100 days, Golden Ocean Group Limited’s (GOGL) raw stochastic average was set at 32.65%, which indicates a significant decrease from 85.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.94% in the past 14 days, which was lower than the 32.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.80, while its 200-day Moving Average is $12.67. Now, the first resistance to watch is $11.96. This is followed by the second major resistance level at $12.11. The third major resistance level sits at $12.21. If the price goes on to break the first support level at $11.71, it is likely to go to the next support level at $11.61. The third support level lies at $11.46 if the price breaches the second support level.
Golden Ocean Group Limited (NASDAQ: GOGL) Key Stats
There are 200,028K outstanding shares of the company, which has a market capitalization of 2.36 billion. As of now, sales total 885,770 K while income totals 112,270 K. Its latest quarter income was 250,090 K while its last quarter net income were 62,490 K.
