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How to buy Golden Ocean Group stock
Learn how to easily invest in Golden Ocean Group stock.
Golden Ocean Group is a marine shipping business based in the US. Golden Ocean Group shares (GOGL) are listed on the NASDAQ and all prices are listed in US Dollars. Golden Ocean Group employs 37 staff and has a trailing 12-month revenue of around $1.2 billion.
How to buy Golden Ocean Group stock
- Open a stock trading account. Use our comparison table or choose from our Top Picks.
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- Search for the stock by name or ticker symbol – GOGL. It's that simple.
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What's in this guide?
Golden Ocean Group stock price (NASDAQ: GOGL)Use our graph to track the performance of GOGL stocks over time.
Golden Ocean Group shares at a glance
|Latest market close||$9.33|
|52-week range||$6.95 - $14.71|
|50-day moving average||$8.78|
|200-day moving average||$10.51|
|Wall St. target price||$122.07|
|Dividend yield||$2.35 (25.88%)|
|Earnings per share (TTM)||$2.98|
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Is it a good time to buy Golden Ocean Group stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Golden Ocean Group price performance over time
|1 week (2023-01-23)||9.33|
|1 month (2022-12-30)||7.36%|
|3 months (2022-10-28)||9.51%|
|6 months (2022-07-29)||-14.56%|
|1 year (2022-01-28)||1.41%|
|2 years (2021-01-29)||97.23%|
|3 years (2020-01-30)||104.61%|
|5 years (2018-01-30)||6.48%|
Is Golden Ocean Group stock undervalued or overvalued?
Valuing Golden Ocean Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Golden Ocean Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Golden Ocean Group's P/E ratio
Golden Ocean Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Golden Ocean Group shares trade at around 3x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Golden Ocean Group's PEG ratio
Golden Ocean Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 131.35. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Golden Ocean Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Golden Ocean Group's EBITDA
Golden Ocean Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $659.6 million.
The EBITDA is a measure of a Golden Ocean Group's overall financial performance and is widely used to measure a its profitability.
Golden Ocean Group financials
|Revenue TTM||$1.2 billion|
|Operating margin TTM||42.62%|
|Gross profit TTM||$649.9 million|
|Return on assets TTM||9.6%|
|Return on equity TTM||31.3%|
|Market capitalisation||$1.8 billion|
TTM: trailing 12 months
Golden Ocean Group share dividends
Dividend payout ratio: 89.35% of net profits
Recently Golden Ocean Group has paid out, on average, around 89.35% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 25.88% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Golden Ocean Group shareholders could enjoy a 25.88% return on their shares, in the form of dividend payments. In Golden Ocean Group's case, that would currently equate to about $2.35 per share.
Golden Ocean Group's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Golden Ocean Group's most recent dividend payout was on 4 December 2022. The latest dividend was paid out to all shareholders who bought their shares by 24 November 2022 (the "ex-dividend date").
Have Golden Ocean Group's shares ever split?
Golden Ocean Group's shares were split on a 1:5 basis on 31 July 2016. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Golden Ocean Group shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Golden Ocean Group shares which in turn could have impacted Golden Ocean Group's share price.
Golden Ocean Group share price volatility
Over the last 12 months, Golden Ocean Group's shares have ranged in value from as little as $6.949 up to $14.712. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Golden Ocean Group's is 1.3178. This would suggest that Golden Ocean Group's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Golden Ocean Group overview
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. It owns and operates dry bulk vessels in the spot and time charter markets. The company transports bulk commodities, such as ores, coal, grains, and fertilizers. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda. .
Golden Ocean Group in the news
Golden Ocean Group (GOGL) Stock Sinks As Market Gains: What You Should Know
Golden Ocean Group Limited's (NASDAQ:GOGL) Stock Is Going Strong: Is the Market Following Fundamentals?
Golden Ocean Group (GOGL) Gains But Lags Market: What You Should Know
Frequently asked questionsWhat percentage of Golden Ocean Group is owned by insiders or institutions?
Currently 39.162% of Golden Ocean Group shares are held by insiders and 32.981% by institutions. How many people work for Golden Ocean Group?
Latest data suggests 37 work at Golden Ocean Group. When does the fiscal year end for Golden Ocean Group?
Golden Ocean Group's fiscal year ends in December. Where is Golden Ocean Group based?
Golden Ocean Group's address is: Par-la-Ville Place, Hamilton, Bermuda, HM 08 What is Golden Ocean Group's ISIN number?
Golden Ocean Group's international securities identification number is: BMG396372051 What is Golden Ocean Group's CUSIP number?
Golden Ocean Group's Committee on Uniform Securities Identification Procedures number is: G5299G106
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