On Tuesday, Golden Ocean Group Limited (NASDAQ: GOGL) opened lower -1.45% from the last session, before settling in for the closing price of $8.98. Price fluctuations for GOGL have ranged from $8.92 to $15.77 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 12.74%. Company’s average yearly earnings per share was noted 104.61% at the time writing. With a float of $119.11 million, this company’s outstanding shares have now reached $200.03 million.
Let’s determine the extent of company efficiency that accounts for 38 employees. 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) 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 32.73%.
Golden Ocean Group Limited (GOGL) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 104.61% 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 1.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.75. Likewise, its price to free cash flow for the trailing twelve months is 5.80.
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 1.39 in one year’s time.
Technical Analysis of Golden Ocean Group Limited (GOGL)
Looking closely at Golden Ocean Group Limited (NASDAQ: GOGL), its last 5-days average volume was 1.84 million, which is a jump from its year-to-date volume of 1.61 million. As of the previous 9 days, the stock’s Stochastic %D was 8.25%. Additionally, its Average True Range was 0.29.
During the past 100 days, Golden Ocean Group Limited’s (GOGL) raw stochastic average was set at 2.55%, which indicates a significant decrease from 8.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.70% in the past 14 days, which was lower than the 34.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.89, while its 200-day Moving Average is $12.55. However, in the short run, Golden Ocean Group Limited’s stock first resistance to watch stands at $8.92. Second resistance stands at $9.00. The third major resistance level sits at $9.09. If the price goes on to break the first support level at $8.75, it is likely to go to the next support level at $8.66. Should the price break the second support level, the third support level stands at $8.58.
Golden Ocean Group Limited (NASDAQ: GOGL) Key Stats
There are currently 200,028K shares outstanding in the company with a market cap of 1.77 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 260,620 K and its income totaled 56,330 K.
