A new trading day began on Friday, with Golden Ocean Group Limited (NASDAQ: GOGL) stock price down -0.89% from the previous day of trading, before settling in for the closing price of $10.09. GOGL’s price has ranged from $8.42 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%. Meanwhile, its annual earnings per share averaged 104.72%. 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 36.37%, operating margin of 34.54%, and the pretax margin is 23.95%.
Golden Ocean Group Limited (GOGL) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Marine Shipping Industry. The insider ownership of Golden Ocean Group Limited is 40.45%, while institutional ownership is 32.85%.
Golden Ocean Group Limited (GOGL) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 104.72% 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
Here are Golden Ocean Group Limited’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.96. Likewise, its price to free cash flow for the trailing twelve months is 6.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.21, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 1.44 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 2.0 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 12.25%. Additionally, its Average True Range was 0.36.
During the past 100 days, Golden Ocean Group Limited’s (GOGL) raw stochastic average was set at 6.67%, which indicates a significant decrease from 9.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.90% in the past 14 days, which was higher than the 34.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.73, while its 200-day Moving Average is $12.70. Nevertheless, the first resistance level for the watch stands at $10.10 in the near term. At $10.19, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.27. If the price goes on to break the first support level at $9.93, it is likely to go to the next support level at $9.85. Now, if the price goes above the second support level, the third support stands at $9.76.
Golden Ocean Group Limited (NASDAQ: GOGL) Key Stats
With a market capitalization of 1.98 billion, the company has a total of 200,028K Shares Outstanding. Currently, annual sales are 885,770 K while annual income is 112,270 K. The company’s previous quarter sales were 250,090 K while its latest quarter income was 62,490 K.
