Golden Ocean Group Stock Today
GOGL Stock | USD 13.59 0.21 1.57% |
Performance17 of 100
| Odds Of DistressLess than 3
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Golden Ocean is selling for 13.59 as of the 24th of April 2024. This is a 1.57 percent increase since the beginning of the trading day. The stock's lowest day price was 13.47. Golden Ocean has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Golden Ocean Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of February 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Transportation | IPO Date 6th of February 1997 | Category Industrials |
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange. The company has 199.63 M outstanding shares of which 3.48 M shares are currently shorted by private and institutional investors with about 1.61 trading days to cover. More on Golden Ocean Group
Moving together with Golden Stock
0.94 | SB | Safe Bulkers Financial Report 8th of May 2024 | PairCorr |
0.69 | SB-PC | Safe Bulkers | PairCorr |
0.63 | SB-PD | Safe Bulkers | PairCorr |
0.81 | EGLE | Eagle Bulk Shipping Financial Report 2nd of May 2024 | PairCorr |
0.69 | PXSAP | Pyxis Tankers | PairCorr |
Moving against Golden Stock
0.8 | NAT | Nordic American Tankers Financial Report 27th of May 2024 | PairCorr |
0.72 | PXSAW | Pyxis Tankers | PairCorr |
0.54 | DAC | Danaos Financial Report 20th of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 21st of May 2024
Golden Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Golden Ocean's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Golden Ocean or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO | Herman Billung | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Concentration | Marine Transportation, Marine Shipping, Industrials, Oslo Exchange Mutual, NASDAQ Composite, NASDAQ Composite Total, Industrials, Marine Transportation, Marine Shipping, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Analyst Recommendation Analysts covering Golden Ocean report their recommendations after researching Golden Ocean's financial statements, talking to executives and customers, or listening in on Golden Ocean's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Golden Ocean Group. The Golden consensus assessment is calculated by taking the average forecast from all of the analysts covering Golden Ocean. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength Based on the analysis of Golden Ocean's profitability, liquidity, and operating efficiency, Golden Ocean Group is doing better financially then in previous quarter. It has a moderate risk of reporting better financial numbers in May. Financial strength of Golden Ocean Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Golden Ocean's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Golden Ocean's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Golden Ocean's financial leverage. It provides some insight into what part of Golden Ocean's total assets is financed by creditors.
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Golden Ocean Group (GOGL) is traded on NASDAQ Exchange in USA. It is located in 14 Par-la-Ville Road, Hamilton, Bermuda, HM 08 and employs 38 people. Golden Ocean is listed under Marine Transportation category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.72 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Golden Ocean's market, we take the total number of its shares issued and multiply it by Golden Ocean's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Golden Ocean Group conducts business under Marine Transportation sector and is part of Industrials industry. The entity has 199.63 M outstanding shares of which 3.48 M shares are currently shorted by private and institutional investors with about 1.61 trading days to cover.
Golden Ocean Group currently holds about 163.98 M in cash with 266.34 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82.
Check Golden Ocean Probability Of Bankruptcy
Ownership AllocationGolden Ocean Group has a total of 199.63 Million outstanding shares. Golden Ocean secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Golden Ownership Details
Golden Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Golden Ocean jumping above the current price in 90 days from now is about 8.84%. The Golden Ocean Group probability density function shows the probability of Golden Ocean stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Golden Ocean has a beta of 0.9327. This usually indicates Golden Ocean Group market returns are very sensitive to returns on the market. As the market goes up or down, Golden Ocean is expected to follow. Additionally, golden Ocean Group has an alpha of 0.3418, implying that it can generate a 0.34 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Golden Ocean to move above the current price in 90 days from now is about 8.84 (This Golden Ocean Group probability density function shows the probability of Golden Stock to fall within a particular range of prices over 90 days) .
Golden Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Golden Ocean that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Golden Ocean's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Golden Ocean's value.Instituion | Recorded On | Shares | |
Marshall Wace Asset Management Ltd | 2023-12-31 | 902.9 K | |
Northern Trust Corp | 2023-12-31 | 890.6 K | |
Two Sigma Advisers, Llc | 2023-12-31 | 882.5 K | |
Barclays Plc | 2023-12-31 | 854.2 K | |
Morgan Stanley - Brokerage Accounts | 2023-12-31 | 838.6 K | |
Hsbc Holdings Plc | 2023-12-31 | 712.8 K | |
Empowered Funds, Llc | 2023-12-31 | 607.3 K | |
Arrowstreet Capital Limited Partnership | 2023-12-31 | 550.3 K | |
Jpmorgan Chase & Co | 2023-12-31 | 538.5 K | |
Folketrygdfondet | 2023-12-31 | 9.4 M | |
Blackrock Inc | 2023-12-31 | 7 M |
Golden Ocean Historical Income Statement
Golden Ocean Group Income Statement is one of the three primary financial statements used for reporting Golden's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Golden Ocean Group revenue and expense. Golden Ocean Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Golden Ocean's Other Operating Expenses is quite stable compared to the past year. Operating Income is expected to rise to about 200.8 M this year, although the value of Total Other Income Expense Net is projected to rise to (74.5 M). View More FundamentalsGolden Stock Against Markets
Picking the right benchmark for Golden Ocean stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Golden Ocean stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Golden Ocean is critical whether you are bullish or bearish towards Golden Ocean Group at a given time. Please also check how Golden Ocean's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Golden Ocean without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Golden Ocean Corporate Directors
Golden Ocean corporate directors refer to members of a Golden Ocean board of directors. The board of directors generally takes responsibility for the Golden Ocean's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Golden Ocean's board members must vote for the resolution. The Golden Ocean board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.David White | Independent Director | Profile | |
Ulrika Laurin | Director | Profile | |
Robert Somerville | Director | Profile | |
GertJan Akker | Director | Profile |
How to buy Golden Stock?
Before investing in Golden Ocean, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Golden Ocean. To buy Golden Ocean stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Golden Ocean. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Golden Ocean stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Golden Ocean Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Golden Ocean Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Golden Ocean Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Golden Stock please use our How to Invest in Golden Ocean guide.
Already Invested in Golden Ocean Group?
The danger of trading Golden Ocean Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Golden Ocean is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Golden Ocean. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Golden Ocean Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Golden Ocean Group is a strong investment it is important to analyze Golden Ocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Golden Ocean's future performance. For an informed investment choice regarding Golden Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Golden Ocean Group information on this page should be used as a complementary analysis to other Golden Ocean's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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When running Golden Ocean's price analysis, check to measure Golden Ocean's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Golden Ocean is operating at the current time. Most of Golden Ocean's value examination focuses on studying past and present price action to predict the probability of Golden Ocean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Ocean's price. Additionally, you may evaluate how the addition of Golden Ocean to your portfolios can decrease your overall portfolio volatility.
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Is Golden Ocean's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Ocean. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Ocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Dividend Share 0.6 | Earnings Share 0.56 | Revenue Per Share 4.431 | Quarterly Revenue Growth 0.019 |
The market value of Golden Ocean Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Ocean's value that differs from its market value or its book value, called intrinsic value, which is Golden Ocean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Ocean's market value can be influenced by many factors that don't directly affect Golden Ocean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Golden Ocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Ocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Ocean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.