Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Golden Ocean Group Limited (NASDAQ: GOGL) closed at $10.00 in the last session, down -0.89% from day before closing price of $10.09. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 0.95 million shares were traded. GOGL stock price reached its highest trading level at $10.12 during the session, while it also had its lowest trading level at $9.95.
Ratios:
We take a closer look at GOGL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.49. 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:
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 2001990144 and an Enterprise Value of 3497100288. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.27, and their Forward P/E ratio for the next fiscal year is 6.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 3.595 whereas that against EBITDA is 7.956.
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 $8.42. The 50-Day Moving Average of the stock is -14.77%, while the 200-Day Moving Average is calculated to be -21.27%.
Shares Statistics:
According to the various share statistics, GOGL traded on average about 1.44M shares per day over the past 3-months and 1763870 shares per day over the past 10 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 32.85% stake in the company. Shares short for GOGL as of 1731628800 were 4493077 with a Short Ratio of 3.11, compared to 1728950400 on 3175590. Therefore, it implies a Short% of Shares Outstanding of 4493077 and a Short% of Float of 3.7199999999999998.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 11.26.
