Golden Ocean Group Limited (NASDAQ:GOGL)’s traded shares stood at 0.65 million during the latest session, with the company’s beta value hitting 1.13. At the last check today, the stock’s price was $7.88, to imply a decrease of -0.32% or -$0.02 in intraday trading. The GOGL share’s 52-week high remains $14.28, putting it -81.22% down since that peak but still an impressive 20.43% since price per share fell to its 52-week low of $6.27. The company has a valuation of $1.57B, with an average of 2.16 million shares in intraday trading volume over the past 10 days and average of 3.36 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Golden Ocean Group Limited (GOGL), translating to a mean rating of 2.33. Of 3 analyst(s) looking at the stock, 1 analyst(s) give GOGL a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.12.
Golden Ocean Group Limited (NASDAQ:GOGL) trade information
After registering a -0.32% downside in the latest session, Golden Ocean Group Limited (GOGL) has traded red over the past five days. The 5-day price performance for the stock is 2.27%, and -2.42% over 30 days. With these gigs, the year-to-date price performance is -12.11%. Short interest in Golden Ocean Group Limited (NASDAQ:GOGL) saw shorts transact 6.67 million shares and set a 2.94 days time to cover.
The extremes give us $15.5 and $18 for target low and target high price respectively. As such, GOGL has been trading -128.43% off suggested target high and -96.7% from its likely low.
Golden Ocean Group Limited (GOGL) estimates and forecasts
The rating firms project that company’s revenue will shrink -17.17% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 151.58M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 174.41M.Earnings reports from the last fiscal year show that sales brought in 197.35M and 206.56M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -23.19% before dropping -15.56% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 33.97% for the past 5-year period. While 2025 is set for a -46.97% return in earnings, projections for the next 5 years are at 23.69% annually.
GOGL Dividends
Golden Ocean Group Limited has its next earnings report out on 2025-May-20. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Golden Ocean Group Limited has a forward dividend ratio of 0.80, with the share yield ticking at 10.16% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 11.26%.
Golden Ocean Group Limited (NASDAQ:GOGL)’s Major holders
Golden Ocean Group Limited insiders hold 49.36% of total outstanding shares, with institutional holders owning 34.56% of the shares at 68.24% float percentage. In total, 34.56% institutions holds shares in the company, led by FOLKETRYGDFONDET. As of 2024-06-30, the company held over 7.49 million shares (or 3.714% of shares), all amounting to roughly $103.32 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 6.52 million shares, or about 3.2349% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $90.0 million.
We also have iShares Trust-iShares Russell 2000 ETF and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund as the top two Mutual Funds with the largest holdings of the Golden Ocean Group Limited (GOGL) shares. Going by data provided on Apr 30, 2025 , iShares Trust-iShares Russell 2000 ETF holds roughly 3.01 shares. This is just over 1.50% of the total shares, with a market valuation of $23.64 million. Data from the same date shows that the other fund manager holds a little less at 1.68, or 0.84% of the shares, all valued at about 13.23 million.
