Golden Ocean Group Limited [GOGL] stock is trading at $13.03, up 0.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GOGL shares have gain 1.96% over the last week, with a monthly amount glided 1.09%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Golden Ocean Group Limited [NASDAQ: GOGL] stock has seen the most recent analyst activity on January 05, 2024, when BTIG Research downgraded its rating to a Neutral. Previously, Jefferies upgraded its rating to Buy on October 24, 2023, and elevated its price target to $11. On September 26, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $10 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $14 on July 21, 2022. H.C. Wainwright initiated its recommendation with a Neutral and recommended $13 as its price target on September 13, 2021. Danske Bank upgraded its rating to Buy for this stock on November 22, 2019. In a note dated February 12, 2018, Morgan Stanley downgraded an Equal-Weight rating on this stock.
Golden Ocean Group Limited [GOGL] stock has fluctuated between $6.89 and $13.95 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Golden Ocean Group Limited [NASDAQ: GOGL] shares were valued at $13.03 at the most recent close of the market. An investor can expect a potential return of 22.79% based on the average GOGL price forecast.
Analyzing the GOGL fundamentals
Golden Ocean Group Limited [NASDAQ:GOGL] reported sales of 885.77M for the trailing twelve months, which represents a growth of 1.86%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.72.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.92 points at the first support level, and at 12.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.18, and for the 2nd resistance point, it is at 13.33.
Ratios To Look Out For
For context, Golden Ocean Group Limited’s Current Ratio is 1.23. As well, the Quick Ratio is 1.05, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 2.94, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 23.18.
