Stocks of Golden Ocean Group Limited (NASDAQ:GOGL) traded higher last session on Wall Street, up 2.71% to $7.97.
GOGL stock price is now -11.40% away from the 50-day moving average and -28.14% away from the 200-day moving average. The market capitalization of the company currently stands at $1.59B.
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With the price target maintained at $15.50, Jefferies recently Downgraded its rating from Buy to Hold for Golden Ocean Group Limited (NASDAQ: GOGL). , while ‘Jefferies’ rates the stock as ‘Buy’
A total of 41.58% of the company’s stock is owned by insiders.
During the past 12 months, Golden Ocean Group Limited has had a low of $7.49 and a high of $15.77. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 1.22, and a quick ratio of 1.22. According to the stock market information, the enterprise value for the company is $2839984128, which is based on a 7.13 price-to-earnings ratio, a 0.29 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for GOGL is $8.9958 and a two-hundred day moving average price translates $11.0912 for the stock.
The latest earnings results from Golden Ocean Group Limited (NASDAQ: GOGL) was released for 2024-12-31. The net profit margin was 23.05% and return on equity was 11.68% for GOGL. The company reported revenue of $260.62 million for the quarter, compared to $221.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.58 percent.
