Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Golden Ocean Group Limited (NASDAQ: GOGL) closed at $7.52 down -1.18% from its previous closing price of $7.61. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 1.35 million shares were traded. GOGL stock price reached its highest trading level at $7.64 during the session, while it also had its lowest trading level at $7.5.
Ratios:
For a deeper understanding of Golden Ocean Group Limited’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.69. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.66.
Jefferies Upgraded its Hold to Buy on October 24, 2023, whereas the target price for the stock was revised from $8 to $11.
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 1508880384 and an Enterprise Value of 2855574016. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.23, and their Forward P/E ratio for the next fiscal year is 4.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 3.307 whereas that against EBITDA is 8.758.
Stock Price History:
The Beta on a monthly basis for GOGL is 1.12, which has changed by -0.45507246 over the last 52 weeks, in comparison to a change of 0.12463009 over the same period for the S&P500. Over the past 52 weeks, GOGL has reached a high of $14.28, while it has fallen to a 52-week low of $6.27. The 50-Day Moving Average of the stock is -1.51%, while the 200-Day Moving Average is calculated to be -19.71%.
Shares Statistics:
For the past three months, GOGL has traded an average of 3.11M shares per day and 1583990 over the past ten days. A total of 199.40M shares are outstanding, with a floating share count of 99.51M. Insiders hold about 50.10% of the company’s shares, while institutions hold 31.69% stake in the company. Shares short for GOGL as of 1748563200 were 6672699 with a Short Ratio of 1.95, compared to 1745971200 on 6653314. Therefore, it implies a Short% of Shares Outstanding of 6672699 and a Short% of Float of 5.6500003.
Dividends & Splits
According to the company, the forward annual dividend rate for GOGL is 0.80, from 0.8 in the trailing year. Against a Trailing Annual Dividend Yield of 0.10512484The stock’s 5-year Average Dividend Yield is 11.26. The current Payout Ratio is 107.52% for GOGL, which recently paid a dividend on 2025-06-05 with an ex-dividend date of 1749081600. Stock splits for the company last occurred on 2016-08-01 when the company split stock in a 1:5 ratio.
