How Is Golden Ocean Group Limited (GOGL)’s Price-To-Earnings Ratio?

At the last check on Friday, Golden Ocean Group Limited’s (NASDAQ:GOGL) stock was up $0.63, moving up 4.73 percent to $13.96. The average number of shares traded per day over the past five days has been 3,503,080 shares. 2 times new highs have been achieved over the past 5 days, with a $0.04 gain in that time frame. In the last twenty days, the average volume was 4,004,100, while in the previous 50 days, it was 3,829,080.

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Since last month, GOGL stock rose 14.72%. Shares of the company fell to $11.02 on 04/25/22, the lowest level in the past month. A 52-week high of $14.27 was reached on 04/18/22 after having rallying from a 52-week low of $7.59. Since the beginning of this year, GOGL’s stock price has risen by 43.33% or $4.57, and marked a new high 16 times. However, the stock has declined by -2.17% since its 52-week high.

Valuation Metrics

Right now, Golden Ocean Group Limited (GOGL) has a P/E ratio of about 5.08. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 2.20, the price-to-book (PB) ratio of 1.39, and the price-to-cash flow ratio of 19.30 may also be considered.

The latest dividend of $0.90 per share was paid out, which is 5.88% more than last year’s $0.85. On Thursday February 17 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended December 30, Golden Ocean Group Limited’s quick ratio stood at 1.30, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.65, and the total debt-to-equity ratio was 0.72. On the profitability front, the trailing twelve-month gross margin is 61.60% percent. In the year ended December 30, operating margins totaled 42.70%. Based on annual data, GOGL earned $651.86 million in gross profit and brought in $1.2 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.50%. Return on equity (ROE) for the past 12 months was 28.70%.

In Golden Ocean Group Limited’s quarter-end financial report for December 30, it reported total debt of $1.16 billion against cash and short-term investments of $1.68 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GOGL’s revenue rose 49.47% during the quarter, while net income inched up to $1.2 billion. While analysts expected Golden Ocean Group Limited to report $8.13 quarterly earnings, the actual figure was $8.92 per share, beating the consensus estimate by 9.70%. During the quarter, the company generated $241.22 million in EBITDA. The liabilities of Golden Ocean Group Limited were 1.53 billion at the end of its most recent quarter ended December 30, and its total debt was $1.43 billion.

Technical Picture

This quick technical analysis looks at Golden Ocean Group Limited’s (GOGL) price momentum. With a historical volatility rate of 104.30%, the RSI 9-day stood at 59.58% on 12 May.

With respect to its five-day moving average, the current Golden Ocean Group Limited price is up by +0.29% percent or $0.04. At present, GOGL shares trade +1.69% above its 20-day simple moving average and +68.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.65% above its SMA50 and +41.03% above its SMA200.

Stochastic coefficient K was 83.66% and Stochastic coefficient D was 76.32%, while ATR was 0.83. Given the Stochastic reading of 91.45% for the 14-day period, the RSI (14) reading has been calculated as 58.04%. As of today, the MACD Oscillator reading stands at 0.12, while the 14-day reading stands at 0.49.

Analyst Ratings

H.C. Wainwright launched its rating on Golden Ocean Group Limited (NASDAQ: GOGL) to a Neutral in a note to investors on September 13, 2021. Golden Ocean Group Limited (GOGL) has been rated Overweight by analysts. According to 0 brokerage firms, GOGL is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Golden Ocean Group Limited stock as buy, with 7 recommending it as overweight.

With a median target price of $14.75, the current consensus forecast for the stock is $11.00 – $23.00. Based on these forecasts, analysts predict Golden Ocean Group Limited (GOGL) will achieve an average price target of $15.29.


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