Let’s start up with the current stock price of Golden Ocean Group Limited (GOGL), which is $9.76 to be very precise. The Stock rose vividly during the last session to $10.185 after opening rate of $10.18 while the lowest price it went was recorded $9.93 before closing at $9.93.Recently in News on October 11, 2021, GOGL – Sale of two Panamax vessels and agreement to construct four Kamsarmax vessels. Golden Ocean Group Limited (Nasdaq and OSE: GOGL) (“Golden Ocean” or the “Company”), one of the world’s largest listed dry bulk shipowners, today announces the sale of two older Panamax vessels, Golden Opportunity and Golden Endurer, and an agreement to construct four Kamsarmax vessels. You can read further details here
Golden Ocean Group Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $12.17 on 08/30/21, with the lowest value was $4.63 for the same time period, recorded on 01/27/21.
Golden Ocean Group Limited (GOGL) full year performance was 154.94%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Golden Ocean Group Limited shares are logging -19.80% during the 52-week period from high price, and 207.89% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.17 and $12.17.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 863160 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Golden Ocean Group Limited (GOGL) recorded performance in the market was 114.47%, having the revenues showcasing -2.07% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.05B, as it employees total of 38 workers.
Specialists analysis on Golden Ocean Group Limited (GOGL)
During the last month, 0 analysts gave the Golden Ocean Group Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 10.45, with a change in the price was noted -0.95. In a similar fashion, Golden Ocean Group Limited posted a movement of -8.93% for the period of last 100 days, recording 1,335,219 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for GOGL is recording 0.83 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.76.
Trends and Technical analysis: Golden Ocean Group Limited (GOGL)
Raw Stochastic average of Golden Ocean Group Limited in the period of last 50 days is set at 14.04%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 15.50%. In the last 20 days, the company’s Stochastic %K was 25.45% and its Stochastic %D was recorded 34.11%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 114.47%. Additionally, trading for the stock in the period of the last six months notably improved by 38.88%, alongside a boost of 154.94% for the period of the last 12 months. The shares increased approximately by -10.78% in the 7-day charts and went up by -14.76% in the period of the last 30 days. Common stock shares were lifted by -2.07% during last recorded quarter.