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After finishing at $11.33 in the prior trading day, Golden Ocean Group Limited (NASDAQ: GOGL) closed at $11.28, down -0.44%. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 0.66 million shares were traded. GOGL stock price reached its highest trading level at $11.39 during the session, while it also had its lowest trading level at $11.25.
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 21.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.42. 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 2263433472 and an Enterprise Value of 3581112064. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.52, and their Forward P/E ratio for the next fiscal year is 6.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 3.682 whereas that against EBITDA is 8.147.
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 -7.19%, while the 200-Day Moving Average is calculated to be -10.44%.
Shares Statistics:
The stock has traded on average 1.39M shares per day over the past 3-months and 1155930 shares per day over the last 10 days, according to various share statistics. 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 33.84% stake in the company. Shares short for GOGL as of 1727654400 were 3010624 with a Short Ratio of 2.16, 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
In the trailing 12 months, GOGL’s forward annual dividend rate was 1.0, compared to 1.00 this year. Against a Trailing Annual Dividend Yield of 0.088261254The stock’s 5-year Average Dividend Yield is 11.26.
