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Golden Ocean Group Limited (NASDAQ: GOGL) closed the day trading at $12.58 down -2.71% from the previous closing price of $12.93. In other words, the price has decreased by -$2.71 from its previous closing price. On the day, 1.01 million shares were traded. GOGL stock price reached its highest trading level at $12.64 during the session, while it also had its lowest trading level at $12.5.
Ratios:
For a better understanding of GOGL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.97. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.67.
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 2516352256 and an Enterprise Value of 3841148928. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.74, and their Forward P/E ratio for the next fiscal year is 7.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.59 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 3.949 whereas that against EBITDA is 8.738.
Stock Price History:
Over the past 52 weeks, GOGL has reached a high of $15.77, while it has fallen to a 52-week low of $7.09. The 50-Day Moving Average of the stock is 3.46%, while the 200-Day Moving Average is calculated to be 0.54%.
Shares Statistics:
Over the past 3-months, GOGL traded about 1.40M shares per day on average, while over the past 10 days, GOGL traded about 1193230 shares per day. 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 33.90% stake in the company. Shares short for GOGL as of 1726185600 were 3559664 with a Short Ratio of 2.53, compared to 1723680000 on 5087112. Therefore, it implies a Short% of Shares Outstanding of 3559664 and a Short% of Float of 2.94.
Dividends & Splits
GOGL’s forward annual dividend rate is 1.00, up from 1.0 a year ago. Against a Trailing Annual Dividend Yield of 0.077339515The stock’s 5-year Average Dividend Yield is 11.26.
