As of close of business last night, Golden Ocean Group Limited’s stock clocked out at $12.89, down -2.05% from its previous closing price of $13.16. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 1795773 shares were traded.
Ratios:
To gain a deeper understanding of GOGL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.70.
On October 24, 2023, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $8 to $11.
Jefferies Downgraded its Buy to Hold on September 26, 2022, whereas the target price for the stock was revised from $14 to $10.
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 2.58B and an Enterprise Value of 3.93B. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.84, and their Forward P/E ratio for the next fiscal year is 7.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.91 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 4.44 whereas that against EBITDA is 11.18.
Stock Price History:
Over the past 52 weeks, GOGL has reached a high of $13.95, while it has fallen to a 52-week low of $6.89. The 50-Day Moving Average of the stock is 11.27, while the 200-Day Moving Average is calculated to be 8.73.
Shares Statistics:
It appears that GOGL traded 1.78M shares on average per day over the past three months and 2.13M shares per day over the past ten days. A total of 200.49M shares are outstanding, with a floating share count of 119.12M. Insiders hold about 40.33% of the company’s shares, while institutions hold 26.39% stake in the company. Shares short for GOGL as of Feb 29, 2024 were 5.28M with a Short Ratio of 2.96, compared to 3.97M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.65% and a Short% of Float of 4.37%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.60, GOGL has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 4.56%, it implies a Forward Annual Dividend Yield of 4.65%. The stock’s 5-year Average Dividend Yield is 11.26. The current Payout Ratio is 89.29% for GOGL, which recently paid a dividend on Mar 25, 2024 with an ex-dividend date of Mar 12, 2024. Stock splits for the company last occurred on Aug 01, 2016 when the company split stock in a 1:5 ratio.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.22 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.08, while EPS last year was -$0.04. The consensus estimate for the next quarter is $0.39, with high estimates of $0.43 and low estimates of $0.36.
Analysts are recommending an EPS of between $1.97 and $1.39 for the fiscal current year, implying an average EPS of $1.66. EPS for the following year is $1.8, with 6 analysts recommending between $2.09 and $1.29.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $184.27M. It ranges from a high estimate of $196M to a low estimate of $172.8M. As of the current estimate, Golden Ocean Group Limited’s year-ago sales were $132.29M, an estimated increase of 39.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $192.13M, a decrease of -10.00% less than the figure of $39.30% in the same quarter last year. There is a high estimate of $226M for the next quarter, whereas the lowest estimate is $146.4M.
A total of 7 analysts have provided revenue estimates for GOGL’s current fiscal year. The highest revenue estimate was $1.08B, while the lowest revenue estimate was $651.6M, resulting in an average revenue estimate of $866M. In the same quarter a year ago, actual revenue was $639.61M, up 35.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $891.32M in the next fiscal year. The high estimate is $1.09B and the low estimate is $710.1M. The average revenue growth estimate for next year is up 2.90% from the average revenue estimate for this year.
