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Golden Ocean Group Limited (GOGL)

8.4   -0.42 (-4.76%) 11-28 16:00
Open: 8.55 Pre. Close: 8.82
High: 8.599 Low: 8.335
Volume: 2,456,817 Market Cap: 1,687(M)

Technical analysis

as of: 2022-11-28 4:40:14 PM
Overall:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 10.69     One year: 11.53
Support: Support1: 7.98    Support2: 6.64
Resistance: Resistance1: 9.15    Resistance2: 9.88
Pivot: 8.95
Moving Average: MA(5): 8.62     MA(20): 8.89
MA(100): 9.47     MA(250): 10.78
MACD: MACD(12,26): -0.1     Signal(9): 0
Stochastic oscillator: %K(14,3): 22.4     %D(3): 24
RSI: RSI(14): 44
52-week: High: 16.45  Low: 7.23
Average Vol(K): 3-Month: 2,871 (K)  10-Days: 2,996 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ GOGL ] has closed above bottom band by 18.5%. Bollinger Bands are 1.2% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 8.61 - 8.65 8.65 - 8.68
Low: 8.23 - 8.29 8.29 - 8.33
Close: 8.32 - 8.4 8.4 - 8.46

Company Description

Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.

Headline News

Fri, 25 Nov 2022
Where Will Golden Ocean Group Ltd (GOGL) Stock Go Next After It Is Up 1.37% in a Week? - InvestorsObserver

Thu, 17 Nov 2022
We Like These Underlying Return On Capital Trends At Golden Ocean Group (NASDAQ:GOGL) - Simply Wall St

Wed, 16 Nov 2022
Golden Ocean Group Limited (GOGL) Q3 2022 Earnings Call Transcript - Seeking Alpha

Wed, 16 Nov 2022
Golden Ocean drags down shipping stocks after soft Q3 results (NASDAQ:GOGL) - Seeking Alpha

Fri, 11 Nov 2022
Premarket Mover: Golden Ocean Group Ltd (GOGL) Up 2.79% - InvestorsObserver

Tue, 08 Nov 2022
Golden Ocean Stock: Trending Back Higher (NASDAQ:GOGL) - Seeking Alpha

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Industrials
Industry:  Marine Shipping
Shares Out. 201 (M)
Shares Float 122 (M)
% Held by Insiders 39.1 (%)
% Held by Institutions 31.7 (%)
Shares Short 6,700 (K)
Shares Short P.Month 6,940 (K)

Stock Financials

EPS 3.47
EPS Est Next Qtl 0.05
EPS Est This Year -0.21
EPS Est Next Year 0.34
Book Value (p.s.) 9.56
Profit Margin (%) 48.2
Operating Margin (%) 42.6
Return on Assets (ttm) 9.6
Return on Equity (ttm) 31.2
Qtrly Rev. Growth -27.4
Gross Profit (p.s.) 3.23
Sales Per Share 6.17
EBITDA (p.s.) 3.28
Qtrly Earnings Growth -46.5
Operating Cash Flow 597 (M)
Levered Free Cash Flow 346 (M)

Stock Valuations

PE Ratio 2.42
PEG Ratio 0
Price to Book value 0.87
Price to Sales 1.36
Price to Cash Flow 2.82

Stock Dividends

Dividend 0.6
Forward Dividend 0
Dividend Yield 7.1%
Dividend Pay Date 2021-12-15
Ex-Dividend Date 2021-12-07
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