Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -36.34% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -5.45%. Over the past 30 days, the price of GOGL has fallen by 9.79%. And in the last five days, it has surged by 2.16%.
The stock of Golden Ocean Group Limited (GOGL) is currently priced at $8.38. In the last session, the stock climbed significantly, topping out at $10.0 after opening at $8.38. The day’s lowest price was $8.0 before the stock closed at $8.17.
Golden Ocean Group Limited experienced a rather shaky stock market performance.
52-week price history of GOGL Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Golden Ocean Group Limited’s current trading price is -37.95% away from its 52-week high, while its distance from the 52-week low is 33.61%. The stock’s price range during this period has varied between$6.27 and $13.50. The Golden Ocean Group Limited’s shares, which operate in the Industrials, saw a trading volume of around 3.04 million for the day, a figure considerably higher than their average daily volume of 2.53 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Golden Ocean Group Limited (GOGL) has experienced a quarterly rise of 17.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.67B and boasts a workforce of 44 employees.
Golden Ocean Group Limited: Analysts’ Ratings Unveiled
As of right now, 0 analyst is rating Golden Ocean Group Limited as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.84, with a change in price of -1.47. Similarly, Golden Ocean Group Limited recorded 3,677,094 in trading volume during the last 100 days, posting a change of -14.92%.
GOGL’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GOGL stands at 0.79. Similarly, the long-term debt-to-equity ratio is also 0.66.
GOGL Stock Stochastic Average
As of today, Golden Ocean Group Limited’s raw stochastic average for the last 50 days stands at 94.58%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 93.59%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 85.22% and 84.82%, respectively.
