Golden Ocean Group Limited [NASDAQ: GOGL] loss -7.09% or -0.77 points to close at $10.09 with a heavy trading volume of 4060285 shares.
The daily chart for GOGL points out that the company has recorded -30.03% loss over the past six months.
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If we look at the average trading volume of 1.48M shares, GOGL reached to a volume of 4060285 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Golden Ocean Group Limited [GOGL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GOGL shares is $14.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GOGL stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Golden Ocean Group Limited shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 22, 2024. The new note on the price target was released on January 05, 2024, representing the official price target for Golden Ocean Group Limited stock. Previously, the target price had yet another raise from $8 to $11, while Jefferies kept a Buy rating on GOGL stock. On September 26, 2022, analysts decreased their price target for GOGL shares from 14 to 10.
The Average True Range (ATR) for Golden Ocean Group Limited is set at 0.37, with the Price to Sales ratio for GOGL stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 0.52. Price to Free Cash Flow for GOGL in the course of the last twelve months was 12.00 with Quick ratio for the last quarter at 1.00.
Trading performance analysis for GOGL stock
Golden Ocean Group Limited [GOGL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.71. With this latest performance, GOGL shares dropped by -6.92% in over the last four-week period, additionally sinking by -30.03% over the last 6 months – not to mention a rise of 11.25% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GOGL stock in for the last two-week period is set at 28.30, with the RSI for the last a single of trading hit 20.86, and the three-weeks RSI is set at 32.93 for Golden Ocean Group Limited [GOGL]. The present Moving Average for the last 50 days of trading for this stock 11.78, while it was recorded at 10.87 for the last single week of trading, and 12.71 for the last 200 days.
Golden Ocean Group Limited [GOGL]: A deeper dive into fundamental analysis
Golden Ocean Group Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.17.
Golden Ocean Group Limited [GOGL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Golden Ocean Group Limited posted 0.32/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GOGL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Golden Ocean Group Limited go to -0.20%.
An analysis of Institutional ownership at Golden Ocean Group Limited [GOGL]
The top three institutional holders of GOGL stocks are: FOLKETRYGDFONDET with ownership of 7.49 million shares, which is approximately 3.7498%. BLACKROCK INC., holding 6.52 million shares of the stock with an approximate value of $$90.0 million in GOGL stocks shares; and BLACKROCK INC., currently with $$72.85 million in GOGL stock with ownership which is approximately 2.6436%.
