Golden Ocean Group Limited (GOGL) is priced at $8.77 after the most recent trading session. At the very opening of the session, the stock price was $8.01 and reached a high price of $8.11, prior to closing the session it reached the value of $7.99. The stock touched a low price of $7.87.Recently in News on November 24, 2021, GOGL – Q3 2021 Presentation. Please find enclosed the presentation of Golden Ocean Group Limited’s third quarter 2021 results for today’s webcast / conferance call at 15:00 CET. 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 84.10%
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 -27.95% during the 52-week period from high price, and 114.38% 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 $4.09 and $12.17.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 2156541 for the day, which was evidently higher, 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 72.57%, having the revenues showcasing -25.54% 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 1.60B, as it employees total of 38 workers.
Analysts verdict 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 9.97, with a change in the price was noted -1.65. In a similar fashion, Golden Ocean Group Limited posted a movement of -15.82% for the period of last 100 days, recording 1,497,596 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.
Golden Ocean Group Limited (GOGL): Technical Analysis
Raw Stochastic average of Golden Ocean Group Limited in the period of last 50 days is set at 24.63%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 68.24%. In the last 20 days, the company’s Stochastic %K was 32.23% and its Stochastic %D was recorded 18.64%.
Let’s take a glance in the erstwhile performances of Golden Ocean Group Limited, 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 72.57%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -16.86%, alongside a boost of 84.10% for the period of the last 12 months. The shares increased approximately by 2.17% in the 7-day charts and went up by -15.72% in the period of the last 30 days. Common stock shares were lifted by -25.54% during last recorded quarter.