In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Golden Ocean Group Limited’s stock clocked out at $6.48, down -19.80% from its previous closing price of $8.08. In other words, the price has decreased by -$19.80 from its previous closing price. On the day, 12.27 million shares were traded. GOGL stock price reached its highest trading level at $7.16 during the session, while it also had its lowest trading level at $6.37.
Ratios:
To gain a deeper understanding of GOGL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.90. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 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 1369450880 and an Enterprise Value of 2542873344. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.80, and their Forward P/E ratio for the next fiscal year is 4.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 2.626 whereas that against EBITDA is 5.875.
Stock Price History:
The Beta on a monthly basis for GOGL is 1.08, which has changed by -0.49295777 over the last 52 weeks, in comparison to a change of -0.024663687 over the same period for the S&P500. Over the past 52 weeks, GOGL has reached a high of $15.77, while it has fallen to a 52-week low of $7.49. The 50-Day Moving Average of the stock is -25.91%, while the 200-Day Moving Average is calculated to be -39.93%.
Shares Statistics:
It appears that GOGL traded 3.61M shares on average per day over the past three months and 5839060 shares per day over the past ten days. A total of 199.40M shares are outstanding, with a floating share count of 109.17M. Insiders hold about 45.25% of the company’s shares, while institutions hold 33.69% stake in the company. Shares short for GOGL as of 1741910400 were 4835965 with a Short Ratio of 1.34, compared to 1739491200 on 4683726. Therefore, it implies a Short% of Shares Outstanding of 4835965 and a Short% of Float of 4.02.
Dividends & Splits
With its trailing 12-month dividend rate of 1.05, GOGL has a forward annual dividend rate of 1.05. Against a Trailing Annual Dividend Yield of 0.1299505The stock’s 5-year Average Dividend Yield is 11.26. The current Payout Ratio is 107.52% for GOGL, which recently paid a dividend on 2024-09-11 with an ex-dividend date of 1741651200. Stock splits for the company last occurred on 2016-08-01 when the company split stock in a 1:5 ratio.
