With 1.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.5 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $9.285 whereas the lowest price it dropped to was $9.0819. The 52-week range on GOGL shows that it touched its highest point at $15.77 and its lowest point at $8.42 during that stretch. It currently has a 1-year price target of $14.33. With its current market cap of 1.84 billion, GOGL has annualized dividend of $1.20 while the current yield stands at 13.06%. Beta for the stock currently stands at 1.20.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GOGL was down-trending over the past week, with a drop of -7.27%, but this was down by -22.18% over a month. Three-month performance dropped to -21.12% while six-month performance fell -31.47%. The stock gained 5.27% in the past year, while it has lost -5.84% so far this year. A look at the trailing 12-month EPS for GOGL yields 1.21 with Next year EPS estimates of 1.44. For the next quarter, that number is 0.21. This implies an EPS growth rate of 104.77% for this year and 25.63% for next year. EPS is expected to decline by -0.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.88%.
Float and Shares Shorts:
At present, 200.03 million GOGL shares are outstanding with a float of 119.11 million shares on hand for trading. On 2024-11-15, short shares totaled 4.49 million, which was 225.0 higher than short shares on 1728950400. In addition to Mr. Peder Carl Gram Simonsen as the firm’s Interim CEO & CFO of Golden Ocean Management AS, Mr. Tord Brath serves as its Head of Global Operations.
Institutional Ownership:
Through their ownership of 0.38950002 of GOGL’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, GOGL reported revenue of $260621000.0 and operating income of $89656000.0. The EBITDA in the recently reported quarter was $125992000.0 and diluted EPS was $0.28.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GOGL since 3 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GOGL analysts setting a high price target of 17.17 and a low target of 11.0, the average target price over the next 12 months is 13.7925. Based on these targets, GOGL could surge 86.83% to reach the target high and rise by 19.7% to reach the target low. Reaching the average price target will result in a growth of 50.08% from current levels.
Analysts have provided yearly estimates in a range of $1.22531 being high and $1.02634 being low. For GOGL, this leads to a yearly average estimate of $1.14672. Based on analyst estimates, the high estimate for the next quarter is $0.23 and the low estimate is $0.08. The average estimate for the next quarter is thus $0.15.
