In recent trading session, Golden Ocean Group Limited (NASDAQ:GOGL) saw 0.55 million shares changing hands at last check today with its beta currently measuring 1.10. Company’s recent per share price level of $7.51 trading at -$0.14 or -1.84% at last check today assigns it a market valuation of $1.50B. That most recent trading price of GOGL’s stock is at a discount of -109.99% from its 52-week high price of $15.77 and is indicating a premium of 16.51% from its 52-week low price of $6.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.32 million shares which gives us an average trading volume of 4.32 million if we extend that period to 3-months.
For Golden Ocean Group Limited (GOGL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.57. Splitting up the data highlights that, out of 3 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Golden Ocean Group Limited (NASDAQ:GOGL) trade information
Upright in the red during last session for losing -1.84%, in the last five days GOGL remained trading in the green while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $7.51 price level, adding 2.72% to its value on the day. Golden Ocean Group Limited’s shares saw a change of -16.19% in year-to-date performance and have moved 6.82% in past 5-day. Golden Ocean Group Limited (NASDAQ:GOGL) showed a performance of -6.01% in past 30-days. Number of shares sold short was 7.29 million shares which calculate 1.26 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 16.75 to the stock, which implies a rise of 55.16% to its recent value today. Analysts have been projecting 15.5 as a low price target for the stock while placing it at a high target of 18. It follows that stock’s current price would drop -106.39% in reaching the projected high whereas dropping to the targeted low would mean a loss of -106.39% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 33.97% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -37.72% while estimates for its earnings growth in next 5 years are of 24.55%.
GOGL Dividends
Golden Ocean Group Limited is more likely to be releasing its next quarterly report on 2025-Feb-25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 13.98%, the share has a forward dividend of 1.05 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 11.26%.
Golden Ocean Group Limited (NASDAQ:GOGL)’s Major holders
Insiders are in possession of 49.36% of company’s total shares while institution are holding 37.13 percent of that, with stock having share float percentage of 73.31%. Investors also watch the number of corporate investors in a company very closely, which is 37.13% institutions for Golden Ocean Group Limited that are currently holding shares of the company. FOLKETRYGDFONDET is the top institutional holder at GOGL for having 7.49 million shares of worth $103.32 million. And as of 2024-06-30, it was holding 3.714 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 6.52 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.2349 of outstanding shares, having a total worth of $90.0 million.
On the other hand, iShares Trust-iShares Russell 2000 ETF and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 3.23 shares of worth $24.31 million or 1.61% of the total outstanding shares. The later fund manager was in possession of 1.68 shares on Jan 31, 2025 , making its stake of worth around $12.69 million in the company or a holder of 0.84% of company’s stock.
