Golden Ocean Group Limited [NASDAQ: GOGL] surged by $0.4 during the normal trading session on Thursday and reaching a high of $8.26 during the day while it closed the day at $8.17.
Golden Ocean Group Limited stock has also gained 4.34% of its value over the past 7 days. However, GOGL stock has inclined by 25.50% in the 3 months of the year. Over the past six months meanwhile, it has lost -7.58% and lost -38.34% year-on date.
The market cap for GOGL stock reached $1.63 billion, with 199.40 million shares outstanding and 99.51 million shares in the current float. Compared to the average trading volume of 2.49M shares, GOGL reached a trading volume of 5166232 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $8.65 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 2.14. 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 Price to Book ratio for the last quarter was 0.89, with the Price to Cash per share for the same quarter was set at 0.56. Price to Free Cash Flow for GOGL in the course of the last twelve months was 9.44 with Quick ratio for the last quarter at 0.81.
GOGL stock trade performance evaluation
Golden Ocean Group Limited [GOGL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.34. With this latest performance, GOGL shares gained by 6.24% in over the last four-week period, additionally sinking by -7.58% over the last 6 months – not to mention a drop of -8.82% in the past year of trading.
Golden Ocean Group Limited [GOGL]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Golden Ocean Group Limited [GOGL] shares currently have an operating margin of 21.92% and a Gross Margin at 24.49%. Golden Ocean Group Limited’s Net Margin is presently recorded at 13.16%.
Return on Equity for this stock inclined to 3.30%, with Return on Assets sitting at 3.30%.
Earnings per share (EPS) analysis for Golden Ocean Group Limited [GOGL] stock
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 26.78%.
Golden Ocean Group Limited [GOGL]: Institutional Ownership
There are presently around $34.87%, or 68.84% of GOGL stock, in the hands of institutional investors. The top three institutional holders of GOGL stocks are: FOLKETRYGDFONDET with ownership of 7.49 million shares, which is approximately 3.714%. 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 2.6184%.
