Golden Ocean Group Limited (NASDAQ: GOGL) closed the day trading at $7.87 down -2.48% from the previous closing price of $8.07. On the day, 1593508 shares were traded. GOGL stock price reached its highest trading level at $8.07 during the session, while it also had its lowest trading level at $7.80.
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Ratios:
For a better understanding of GOGL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.58.
Upgrades & Downgrades
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GOGL now has a Market Capitalization of 1.61B and an Enterprise Value of 2.82B. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.42, and their Forward P/E ratio for the next fiscal year is 5.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 2.70 whereas that against EBITDA is 5.42.
Stock Price History:
Over the past 52 weeks, GOGL has reached a high of $16.46, while it has fallen to a 52-week low of $7.24. The 50-Day Moving Average of the stock is 9.02, while the 200-Day Moving Average is calculated to be 9.14.
Shares Statistics:
Over the past 3-months, GOGL traded about 1.56M shares per day on average, while over the past 10 days, GOGL traded about 1.53M shares per day. A total of 200.42M shares are outstanding, with a floating share count of 122.22M. Insiders hold about 5.60% of the company’s shares, while institutions hold 31.50% stake in the company. Shares short for GOGL as of Apr 27, 2023 were 4.92M with a Short Ratio of 4.92M, compared to 5.93M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.46% and a Short% of Float of 4.04%.
Dividends & Splits
GOGL’s forward annual dividend rate is 0.40, up from 1.25 a year ago. Against a Trailing Annual Dividend Yield of 15.49%, it implies a Forward Annual Dividend Yield of 15.49%. The current Payout Ratio is 70.30% for GOGL, which recently paid a dividend on Jun 05, 2023 with an ex-dividend date of May 24, 2023. Stock splits for the company last occurred on Jul 31, 2016 when the company split stock in a 1:5 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of $0.19 for the current quarter, with a high estimate of $0.38 and a low estimate of $0.1, while EPS last year was $0.73. The consensus estimate for the next quarter is $0.45, with high estimates of $0.74 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.61 and $0.53 for the fiscal current year, implying an average EPS of $1.02. EPS for the following year is $1.42, with 6 analysts recommending between $2.14 and $0.39.
Revenue Estimates
5 analysts predict $181.32M in revenue for the current quarter. It ranges from a high estimate of $241M to a low estimate of $140M. As of the current estimate, Golden Ocean Group Limited’s year-ago sales were $250.04M, an estimated decrease of -27.50% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $252.61M, an increase of 19.60% over than the figure of -$27.50% in the same quarter last year. There is a high estimate of $330.6M for the next quarter, whereas the lowest estimate is $179.45M.
A total of 6 analysts have provided revenue estimates for GOGL’s current fiscal year. The highest revenue estimate was $1.11B, while the lowest revenue estimate was $579M, resulting in an average revenue estimate of $730.74M. In the same quarter a year ago, actual revenue was $834.91M, down -12.50% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $819.11M in the next fiscal year. The high estimate is $921M and the low estimate is $698M. The average revenue growth estimate for next year is up 12.10% from the average revenue estimate for this year.
