For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Golden Ocean Group Limited (NASDAQ: GOGL) closed at $11.75 down -4.39% from its previous closing price of $12.29. In other words, the price has decreased by -$4.39 from its previous closing price. On the day, 1.78 million shares were traded. GOGL stock price reached its highest trading level at $11.85 during the session, while it also had its lowest trading level at $11.7.
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 22.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.98. 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 2451531776 and an Enterprise Value of 3675125504. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.96, and their Forward P/E ratio for the next fiscal year is 6.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 3.778 whereas that against EBITDA is 8.361.
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 $7.09. The 50-Day Moving Average of the stock is -3.44%, while the 200-Day Moving Average is calculated to be -6.47%.
Shares Statistics:
For the past three months, GOGL has traded an average of 1.37M shares per day and 1150440 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 33.90% stake in the company. Shares short for GOGL as of 1727654400 were 3010624 with a Short Ratio of 2.19, compared to 1724976000 on 4397405. Therefore, it implies a Short% of Shares Outstanding of 3010624 and a Short% of Float of 2.4899999999999998.
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 0.08136696The stock’s 5-year Average Dividend Yield is 11.26.
