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After finishing at $8.00 in the prior trading day, Golden Ocean Group Limited (NASDAQ: GOGL) closed at $8.14, up 1.75%. In other words, the price has increased by $1.75 from its previous closing price. On the day, 7.16 million shares were traded. GOGL stock price reached its highest trading level at $8.325 during the session, while it also had its lowest trading level at $7.94.
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 12.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 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:
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 1623140608 and an Enterprise Value of 2873882880. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.29, and their Forward P/E ratio for the next fiscal year is 5.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. 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 0.85. Its current Enterprise Value per Revenue stands at 2.968 whereas that against EBITDA is 6.64.
Stock Price History:
The Beta on a monthly basis for GOGL is 1.15, which has changed by -0.36899227 over the last 52 weeks, in comparison to a change of 0.08572841 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 $7.49. The 50-Day Moving Average of the stock is -8.26%, while the 200-Day Moving Average is calculated to be -25.62%.
Shares Statistics:
The stock has traded on average 3.17M shares per day over the past 3-months and 3939840 shares per day over the last 10 days, according to various share statistics. A total of 199.40M shares are outstanding, with a floating share count of 116.50M. Insiders hold about 41.58% of the company’s shares, while institutions hold 33.88% stake in the company. Shares short for GOGL as of 1741910400 were 4835965 with a Short Ratio of 1.52, compared to 1739491200 on 4683726. Therefore, it implies a Short% of Shares Outstanding of 4835965 and a Short% of Float of 4.02.
Dividends & Splits
In the trailing 12 months, GOGL’s forward annual dividend rate was 1.05, compared to 1.05 this year. Against a Trailing Annual Dividend Yield of 0.13125The 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 2024-09-11 with an ex-dividend date of 1741651200. Stock splits for the company last occurred on 2016-08-01 when the company split stock in a 1:5 ratio.
