A share price of Golden Ocean Group Limited [GOGL] is currently trading at $10.83, up 0.65%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GOGL shares have gain 1.98% over the last week, with a monthly amount drifted -16.56%, and not 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 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 experienced fluctuations in its stock price throughout the past year between $7.14 and $15.77. 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 $10.83 at the most recent close of the market. An investor can expect a potential return of 54.66% based on the average GOGL price forecast.
Analyzing the GOGL fundamentals
Trailing Twelve Months sales for Golden Ocean Group Limited [NASDAQ:GOGL] were 972.69M which represents 17.20% growth. 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 10.78 points at the first support level, and at 10.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.91, and for the 2nd resistance point, it is at 10.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Golden Ocean Group Limited [NASDAQ:GOGL] is 1.17. In addition, the Quick Ratio stands at 1.00 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 10.10.
