In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Golden Ocean Group Limited (NASDAQ: GOGL) closed the day trading at $8.23 down -6.16% from the previous closing price of $8.77. In other words, the price has decreased by -$6.16 from its previous closing price. On the day, 5.09 million shares were traded.
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 12.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.22 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 0.73 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 7.37, and their Forward P/E ratio for the next fiscal year is 5.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 0.86.
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 $8.38. The 50-Day Moving Average of the stock is -10.35%, while the 200-Day Moving Average is calculated to be -27.55%.
Shares Statistics:
A total of 199.40M shares are outstanding, with a floating share count of 198.22M. Insiders hold about 40.44% of the company’s shares, while institutions hold 33.85% stake in the company.
