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In the latest session, Golden Ocean Group Limited (NASDAQ: GOGL) closed at $11.19 down -5.41% from its previous closing price of $11.83. In other words, the price has decreased by -$5.41 from its previous closing price. On the day, 1.73 million shares were traded. GOGL stock price reached its highest trading level at $11.25 during the session, while it also had its lowest trading level at $11.01.
Ratios:
For a deeper understanding of Golden Ocean Group Limited’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.31. 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 2267418368 and an Enterprise Value of 3691127808. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.44, and their Forward P/E ratio for the next fiscal year is 6.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 3.795 whereas that against EBITDA is 8.397.
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 $8.24. The 50-Day Moving Average of the stock is -5.70%, while the 200-Day Moving Average is calculated to be -11.97%.
Shares Statistics:
For the past three months, GOGL has traded an average of 1.44M shares per day and 1401170 over the past ten 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 32.83% stake in the company. Shares short for GOGL as of 1730332800 were 4357538 with a Short Ratio of 3.02, compared to 1727654400 on 3010624. Therefore, it implies a Short% of Shares Outstanding of 4357538 and a Short% of Float of 3.5999999999999996.
Dividends & Splits
According to the company, the forward annual dividend rate for GOGL is 1.00, from 1.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.08453085The stock’s 5-year Average Dividend Yield is 11.26.
