Analyzing Ratios: Golden Ocean Group Limited (GOGL)’s Financial Story Unveiled

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The price of Golden Ocean Group Limited (NASDAQ: GOGL) closed at $13.25 in the last session, down -2.72% from day before closing price of $13.62. In other words, the price has decreased by -$2.72 from its previous closing price. On the day, 1.06 million shares were traded. GOGL stock price reached its highest trading level at $13.47 during the session, while it also had its lowest trading level at $13.195.


We take a closer look at GOGL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.69.

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 2671809536 and an Enterprise Value of 3963785984. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.19, and their Forward P/E ratio for the next fiscal year is 7.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 4.235 whereas that against EBITDA is 10.046.

Stock Price History:

The Beta on a monthly basis for GOGL is 1.19, which has changed by 0.70967746 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, GOGL has reached a high of $15.77, while it has fallen to a 52-week low of $6.89. The 50-Day Moving Average of the stock is -6.10%, while the 200-Day Moving Average is calculated to be 19.30%.

Shares Statistics:

According to the various share statistics, GOGL traded on average about 1.60M shares per day over the past 3-months and 1171150 shares per day over the past 10 days. A total of 199.63M shares are outstanding, with a floating share count of 119.11M. Insiders hold about 40.45% of the company’s shares, while institutions hold 30.26% stake in the company. Shares short for GOGL as of 1718323200 were 3300372 with a Short Ratio of 2.07, compared to 1715731200 on 4140681. Therefore, it implies a Short% of Shares Outstanding of 3300372 and a Short% of Float of 2.73.

Dividends & Splits

The forward annual dividend rate for GOGL is 0.80, which was 0.8 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.05873715The stock’s 5-year Average Dividend Yield is 11.26. The current Payout Ratio is 89.29% for GOGL, which recently paid a dividend on 2024-06-07 with an ex-dividend date of 1717718400. Stock splits for the company last occurred on 2016-08-01 when the company split stock in a 1:5 ratio.

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