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After finishing at $7.23 in the prior trading day, Golden Ocean Group Limited (NASDAQ: GOGL) closed at $7.28, up 0.69%. In other words, the price has increased by $0.69 from its previous closing price. On the day, 2.08 million shares were traded.
Ratios:
Our goal is to gain a better understanding of GOGL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.41. 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:
As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.81, and their Forward P/E ratio for the next fiscal year is 4.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 0.80.
Stock Price History:
Over the past 52 weeks, GOGL has reached a high of $14.82, while it has fallen to a 52-week low of $6.27. The 50-Day Moving Average of the stock is -4.50%, while the 200-Day Moving Average is calculated to be -25.87%.
Shares Statistics:
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 31.88% stake in the company.
