Golden Ocean Group Limited [GOGL] stock is trading at $10.72, up 0.28%. 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 0.09% over the last week, with a monthly amount drifted -17.79%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Golden Ocean Group Limited [NASDAQ: GOGL] stock has seen the most recent analyst activity on May 22, 2024, when Jefferies downgraded its rating to a Hold but kept the price target unchanged to $15.50 for it. Previously, BTIG Research downgraded its rating to Neutral on January 05, 2024. On October 24, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $11 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $10 on September 26, 2022. Jefferies initiated its recommendation with a Buy and recommended $14 as its price target on July 21, 2022. H.C. Wainwright started tracking with a Neutral rating for this stock on September 13, 2021, and assigned it a price target of $13. In a note dated November 22, 2019, Danske Bank upgraded an Buy rating on this stock.
Golden Ocean Group Limited [GOGL] stock has fluctuated between $7.09 and $15.77 over the past year. Currently, Wall Street analysts expect the stock to reach $16.75 within the next 12 months. Golden Ocean Group Limited [NASDAQ: GOGL] shares were valued at $10.72 at the most recent close of the market. An investor can expect a potential return of 56.25% based on the average GOGL price forecast.
Analyzing the GOGL fundamentals
Golden Ocean Group Limited [NASDAQ:GOGL] reported sales of 972.69M for the trailing twelve months, which represents a growth of 17.20%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.
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 10.65 points at the first support level, and at 10.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.80, and for the 2nd resistance point, it is at 10.87.
Ratios To Look Out For
For context, Golden Ocean Group Limited’s Current Ratio is 1.17. As well, the Quick Ratio is 1.00, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 2.20, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 10.00.
