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After finishing at $10.06 in the prior trading day, Golden Ocean Group Limited (NASDAQ: GOGL) closed at $8.41, down -16.35%. In other words, the price has decreased by -$16.35 from its previous closing price. On the day, 21.71 million shares were traded.
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 12.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.38. 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:
As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.53, and their Forward P/E ratio for the next fiscal year is 4.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 0.88.
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 $8.52. The 50-Day Moving Average of the stock is -8.45%, while the 200-Day Moving Average is calculated to be -26.57%.
Shares Statistics:
A total of 199.40M shares are outstanding, with a floating share count of 119.13M. Insiders hold about 40.44% of the company’s shares, while institutions hold 33.72% stake in the company.
