For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Golden Ocean Group Limited (NASDAQ: GOGL) closed the day trading at $8.92 up 0.68% from the previous closing price of $8.86. In other words, the price has increased by $0.68 from its previous closing price. On the day, 1.78 million shares were traded. GOGL stock price reached its highest trading level at $8.96 during the session, while it also had its lowest trading level at $8.79.
Ratios:
For a better understanding of GOGL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.84. 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:
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 1778674816 and an Enterprise Value of 3497100288. As of this moment, Golden’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.38, and their Forward P/E ratio for the next fiscal year is 7.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 3.595 whereas that against EBITDA is 7.956.
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 -10.27%, while the 200-Day Moving Average is calculated to be -26.46%.
Shares Statistics:
Over the past 3-months, GOGL traded about 1.58M shares per day on average, while over the past 10 days, GOGL traded about 1620380 shares per day. A total of 200.03M shares are outstanding, with a floating share count of 119.13M. Insiders hold about 40.44% of the company’s shares, while institutions hold 33.14% stake in the company. Shares short for GOGL as of 1731628800 were 4493077 with a Short Ratio of 2.97, compared to 1728950400 on 3175590. Therefore, it implies a Short% of Shares Outstanding of 4493077 and a Short% of Float of 3.7199999999999998.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 11.26.
