Golden Ocean Group Limited (NASDAQ:GOGL) shares, rose in value, with the stock price down by -0.32% to the previous day’s close as strong demand from buyers drove the stock to $7.61.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.63. The PE ratio was 6.81 over 12-month period. Referring to stock’s 52-week performance, its high was $15.77, and the low was $6.27. On the whole, GOGL has fluctuated by 16.83% over the past month.
With the market capitalization of Golden Ocean Group Limited currently standing at about $1.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.05, with its dividend yield at 13.81%.
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 0.28, with the price of GOGL currently trading nearly 1.84% and -3.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.05, while the 7-day volatility ratio is showing 2.23% which for the 30-day chart, stands at 3.94%. Furthermore, Golden Ocean Group Limited (GOGL)’s beta value is 1.17, and its average true range (ATR) is 0.30.
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 -0.32% in today’s session so far, and over the past year, it shrunk by -47.29%%.
Data on historical trading for Golden Ocean Group Limited (NASDAQ:GOGL) indicates that the trading volumes over the past 3 months, they’ve averaged 4.42 million. According to company’s latest data on outstanding shares, there are 199.40 million shares outstanding.
Nearly 50.10% of Golden Ocean Group Limited’s shares belong to company insiders and institutional investors own 33.25% of the company’s shares. The stock has fallen by -15.11% 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.
