In today’s recent session, 2.33 million shares of the Golden Ocean Group Limited (NASDAQ:GOGL) have been traded, and its beta is 1.12. Most recently the company’s share price was $7.95, and it changed around $0.01 or 0.19% from the last close, which brings the market valuation of the company to $1.59B. GOGL at last check was trading at a discount to its 52-week high of $13.50, offering almost -69.81% off that amount. The share price’s 52-week low was $6.27, which indicates that the recent value has risen by an impressive 21.13% since then. We note from Golden Ocean Group Limited’s average daily trading volume that its 10-day average is 2.4 million shares, with the 3-month average coming to 2.60 million.
Golden Ocean Group Limited stock received a consensus recommendation rating of Hold, based on a mean score of 2.14. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended GOGL as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.
Golden Ocean Group Limited (NASDAQ:GOGL) trade information
Instantly GOGL has been showing a green trend so far today with a performance of 0.19% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.08 on recent trading dayincreased the stock’s daily price by 1.61%. The company’s shares are currently down -43.66% year-to-date, but still up 8.67% over the last five days. On the other hand, Golden Ocean Group Limited (NASDAQ:GOGL) is 2.78% up in the 30-day period. We can see from the shorts that 6.08 million shares have been sold at a short interest cover period of 2.77 day(s).
The consensus price target as assigned by Wall Street analysts is $16.75, which translates to bulls needing to increase their stock price by 52.54% from its current value. Analyst projections state that GOGL is forecast to be at a low of $15.5 and a high of $18.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 33.97%. Golden Ocean Group Limited earnings are expected to increase by -37.06% in 2025, but the outlook is positive 26.78% per year for the next five years.
GOGL Dividends
Golden Ocean Group Limited’s next quarterly earnings report is expected to be released on 2025-May-21. The annual dividend yield of the stock is 10.06 percent and its annual dividend per share was 0.80. It is important to note, however, that the 10.06% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 11.26 per year.
Golden Ocean Group Limited (NASDAQ:GOGL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 49.36% of Golden Ocean Group Limited shares, and 34.87% of them are in the hands of institutional investors. The stock currently has a share float of 68.84%. Golden Ocean Group Limited stock is held by 252.0 institutions, with FOLKETRYGDFONDET being the largest institutional investor. By 2024-06-30, it held 3.714% of the shares, which is about 7.49 million shares worth $103.32 million.
BLACKROCK INC., with 3.2349% or 6.52 million shares worth $90.0 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Trust-iShares Russell 2000 ETF and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund were the top two Mutual Funds as of May 31, 2025 . The former held 3.08 shares worth $24.51 million, making up 1.54% of all outstanding shares. On the other hand, VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund held roughly 1.68 shares worth around $13.42 million, which represents about 0.84% of the total shares outstanding.
