Golden Ocean Group Limited (NASDAQ:GOGL) currently has a daily average trading volume of 4.23M but it saw 3380629 shares traded in last market. With a market cap of 1.49B USD, the company’s current market price of $7.46 came rising about 4.04 while comparing to the previous closing price of $7.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.64 and as low as $6.27.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which downgraded the stock as “Hold” in its note to investors issued on May 22, 2024, recommending a price target of $15.50 for it. Jefferies issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $8 and $11.
Over the week, GOGL’s stock price is moving -1.06% down while it is -2.74% when we observe its performance for the past one month. Year-to-date it is -16.74% down and over the past year, the stock is showing a downside performance of -48.55%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0.12 while estimate for next year EPS is 0.53. In next quarter, company is expected to be making quarterly sales of $174.41M as analysts are expecting the sales for current fiscal year at $642.39M and seeing the company making $798.85M in sales next year. Moreover, analysts are in estimates of $151.58M for current-quarter revenue.
Currently, Golden Ocean Group Limited’s total number of outstanding shares is 199.40M with 49.36% of that held by the insiders while 34.54% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.74% and return on equity (ROE) at 6.06%. It has a price to earnings ratio (P/E ratio) of 13.13 while having a 4.67 of forward P/E ratio. Stock’s beta reads 1.12. Stock has a price to book (P/B) ratio of 0.81 while price to sale or P/S ratio amounts to 1.72. Its return on asset (ROA) is 3.30% on average.
