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After finishing at $7.79 in the prior trading day, Golden Ocean Group Limited (NASDAQ: GOGL) closed at $7.54, down -3.21%. In other words, the price has decreased by -$3.21 from its previous closing price. On the day, 2.91 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 13.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.71. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 0.79 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 13.27, and their Forward P/E ratio for the next fiscal year is 4.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.51. 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 0.82.
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 $6.27. The 50-Day Moving Average of the stock is -1.61%, while the 200-Day Moving Average is calculated to be -23.72%.
Shares Statistics:
A total of 199.40M shares are outstanding, with a floating share count of 99.51M. Insiders hold about 50.10% of the company’s shares, while institutions hold 31.89% stake in the company.
Earnings Estimates
A detailed examination of Golden Ocean Group Limited (GOGL) is currently in progress, with 3.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0.27, with high estimates of $0.35 and low estimates of $0.16.
Analysts are recommending an EPS of between $0.78 and $0.2 for the fiscal current year, implying an average EPS of $0.53. EPS for the following year is $1.11, with 3.0 analysts recommending between $1.21 and $1.0.
Revenue Estimates
3 analysts predict $151.58M in revenue for the current quarter. It ranges from a high estimate of $177M to a low estimate of $123.75M. As of the current estimate, Golden Ocean Group Limited’s year-ago sales were $197.35MFor the next quarter, 3 analysts are estimating revenue of $174.41M. There is a high estimate of $203.35M for the next quarter, whereas the lowest estimate is $150.87M.
A total of 4 analysts have provided revenue estimates for GOGL’s current fiscal year. The highest revenue estimate was $704.11M, while the lowest revenue estimate was $602.05M, resulting in an average revenue estimate of $642.39M. In the same quarter a year ago, actual revenue was $775.53MBased on 4 analysts’ estimates, the company’s revenue will be $798.85M in the next fiscal year. The high estimate is $851.44M and the low estimate is $742M.
