Golden Ocean Group Limited (NASDAQ:GOGL) shares, rose in value, with the stock price up by 3.01% to the previous day’s close as strong demand from buyers drove the stock to $8.39.
Actively observing the price movement in the recent trading, the stock is buoying the session at $8.14, falling within a range of $8.265 and $8.48. The value of beta (5-year monthly) is 1.185 whereas the PE ratio is 7.51 over 12-month period. Referring to stock’s 52-week performance, its high was $15.77, and the low was $7.49. On the whole, GOGL has fluctuated by -14.87% over the past month.
With the market capitalization of Golden Ocean Group Limited currently standing at about $1.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-25. The company’s Forward Dividend Ratio is 1.05, with its dividend yield at 12.52%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 658.84M, with a low estimate of 100M and a high estimate of 111M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 106.48M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GOGL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.30, with the price of GOGL currently trading nearly 1.83% and -5.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.68, while the 7-day volatility ratio is showing 3.60% which for the 30-day chart, stands at 4.34%. Furthermore, Golden Ocean Group Limited (GOGL)’s beta value is 1.14, and its average true range (ATR) is 0.35.
A comparison of Golden Ocean Group Limited (GOGL) with its peers suggests the former has fared considerably weaker in the market. GOGL showed an intraday change of 3.01% in today’s session so far, and over the past year, it shrunk by -33.13%%.
Data on historical trading for Golden Ocean Group Limited (NASDAQ:GOGL) indicates that the trading volumes over the past 10 days have averaged 3.94 and over the past 3 months, they’ve averaged 3.28 million. According to company’s latest data on outstanding shares, there are 199.40 million shares outstanding.
Nearly 41.58% of Golden Ocean Group Limited’s shares belong to company insiders and institutional investors own 33.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.84 million shares as on 2025-03-14, resulting in a short ratio of 0.87. According to the data, the short interest in Golden Ocean Group Limited (GOGL) stood at 402.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.68 million. The stock has fallen by -6.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GOGL stock heading into the next quarter.
