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Golden Ocean Group Limited (GOGL)

10.75   -0.89 (-7.65%) 07-02 18:33
Open: 11.295 Pre. Close: 11.64
High: 11.34 Low: 10.365
Volume: 4,853,197 Market Cap: 2,187(M)
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.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 11.35 - 11.41 11.41 - 11.46
Low: 10.21 - 10.28 10.28 - 10.34
Close: 10.63 - 10.73 10.73 - 10.84

Technical analysis

as of: 2022-07-01 4:22:22 PM
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 16.5     One year: 19.22
Support: Support1: 10.36    Support2: 8.62
Resistance: Resistance1: 14.13    Resistance2: 16.45
Pivot: 12.12
Moving Average: MA(5): 11.51     MA(20): 12.76
MA(100): 12.88     MA(250): 10.95
MACD: MACD(12,26): -0.9     Signal(9): -0.7
Stochastic oscillator: %K(14,3): 9.7     %D(3): 8.4
RSI: RSI(14): 31.2
52-week: High: 16.45  Low: 7.59
Average Vol(K): 3-Month: 4,757 (K)  10-Days: 5,856 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ GOGL ] has closed below the lower bollinger band by 0.4%. If price is in a downtrend band; this downward trend might continue. However a short term pullback inside the band is likely. Bollinger Bands are 6% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Fri, 01 Jul 2022
Why Are Shipping Stocks ZIM, GOGL, SBLK, Down Today? - InvestorPlace

Thu, 30 Jun 2022
GOGL - Invitation to presentation of Q1 2022 Results -

Thu, 30 Jun 2022
Is Golden Ocean Group Ltd (GOGL) a Stock to Watch After Losing -1.11% This Week? - InvestorsObserver

Sun, 26 Jun 2022
Golden Ocean Group Limited's (NASDAQ:GOGL) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock? - Simply Wall St

Fri, 17 Jun 2022
3 Value Stocks to Buy and Hold for the Long Term - InvestorPlace

Tue, 14 Jun 2022
Golden Ocean Group Limited (NASDAQ:GOGL) Short Interest Up 59.9% in May - Defense World

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: Outperform
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. 200 (M)
Shares Float 122 (M)
% Held by Insiders 39.2 (%)
% Held by Institutions 27 (%)
Shares Short 3,020 (K)
Shares Short P.Month 3,460 (K)

Stock Financials

EPS 3.11
EPS Est Next Qtl 0.05
EPS Est This Year -0.21
EPS Est Next Year 0.34
Book Value (p.s.) 9.35
Profit Margin (%) 48.1
Operating Margin (%) 44.7
Return on Assets (ttm) 11.5
Return on Equity (ttm) 34.9
Qtrly Rev. Growth 66.8
Gross Profit (p.s.) 3.24
Sales Per Share 6.53
EBITDA (p.s.) 3.56
Qtrly Earnings Growth 342.8
Operating Cash Flow 677 (M)
Levered Free Cash Flow 133 (M)

Stock Valuations

PE Ratio 3.44
PEG Ratio 0
Price to Book value 1.14
Price to Sales 1.64
Price to Cash Flow 3.18

Stock Dividends

Dividend 0.89
Forward Dividend 0
Dividend Yield 8.3%
Dividend Pay Date 2021-12-15
Ex-Dividend Date 2021-12-07
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