Golden Ocean Group Limited (NASDAQ: GOGL) on Friday, soared 3.22% from the previous trading day, before settling in for the closing price of $7.46. Within the past 52 weeks, GOGL’s price has moved between $6.27 and $14.53.
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During the last 5-year period, the sales growth of Industrials Sector giant was 6.53%. The company achieved an average annual earnings per share of -43.05%. With a float of $99.51 million, this company’s outstanding shares have now reached $199.40 million.
Let’s determine the extent of company efficiency that accounts for 44 employees. In terms of profitability, gross margin is 36.43%, operating margin of 32.34%, and the pretax margin is 23.11%.
Golden Ocean Group Limited (GOGL) Breakdown of a Key Holders of the stock
Observing investor behavior towards Marine Shipping industry stocks is more important than anything else. The insider ownership of Golden Ocean Group Limited is 50.10%, while institutional ownership is 31.88%.
Golden Ocean Group Limited (GOGL) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -43.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 26.40% during the next five years compared to 33.97% growth over the previous five years of trading.
Golden Ocean Group Limited (NASDAQ: GOGL) Trading Performance Indicators
Golden Ocean Group Limited (GOGL) is currently performing well based on its current performance indicators. A quick ratio of 0.81 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.78. Likewise, its price to free cash flow for the trailing twelve months is 8.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.57, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 1.62 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 3.11 million, which is a drop from its year-to-date volume of 3.45 million. As of the previous 9 days, the stock’s Stochastic %D was 38.39%. Additionally, its Average True Range was 0.26.
During the past 100 days, Golden Ocean Group Limited’s (GOGL) raw stochastic average was set at 36.67%, which indicates a significant decrease from 60.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.66% in the past 14 days, which was lower than the 66.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.61, while its 200-day Moving Average is $9.76. However, in the short run, Golden Ocean Group Limited’s stock first resistance to watch stands at $7.78. Second resistance stands at $7.87. The third major resistance level sits at $7.96. If the price goes on to break the first support level at $7.60, it is likely to go to the next support level at $7.51. Now, if the price goes above the second support level, the third support stands at $7.42.
Golden Ocean Group Limited (NASDAQ: GOGL) Key Stats
Market capitalization of the company is 1.54 billion based on 200,028K outstanding shares. Right now, sales total 968,420 K and income totals 223,210 K. The company made 141,930 K in profit during its latest quarter, and -44,140 K in sales during its previous quarter.
