Golden Ocean Group Limited (NASDAQ:GOGL) currently has a daily average trading volume of 1.72M but it saw 1418279 shares traded in last market. With a market cap of 2.82B USD, the company’s current market price of $14.13 came rising about 0.28 while comparing to the previous closing price of $14.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.16 and as low as $6.89.
Taking a look at 20-day trading activity of Golden Ocean Group Limited (GOGL) gives us an average price of $13.28, while its current price level is -0.25% below from 52-week high level whereas it is 105.08% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $12.98 while that of 200 days or SMA-200 reads an average of $9.63. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.88% during that period while stretching the period over a month that increases to 2.15%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 69.53 which implies that the stock is in neutral territory.
Jefferies upgraded its recommendation for the stock as a “Buy” from “Hold” on October 24, 2023 while assigning a price target range of $8-$11. Jefferies also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $14 and $10.
Over the week, GOGL’s stock price is moving 3.97% up while it is 11.70% when we observe its performance for the past one month. Year-to-date it is 44.77% up and over the past year, the stock is showing an upside performance of 59.12%.
Currently, Golden Ocean Group Limited’s total number of outstanding shares is 199.63M. Company’s return on investment (ROI) stands at 3.44% and return on equity (ROE) at 5.85%. It has a price to earnings ratio (P/E ratio) of 25.13 while having a 8.66 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 1.47 while price to sale or P/S ratio amounts to 3.18. Its return on asset (ROA) is 3.33% on average.
