How to buy Golden Ocean Group stock - 02 March

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How to buy Golden Ocean Group stock

Own Golden Ocean Group stock in just a few minutes.

Fact checked

Golden Ocean Group Limited 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 USD$610.9 million.

How to buy shares in Golden Ocean Group

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Golden Ocean Group. Find the stock by name or ticker symbol: GOGL. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Golden Ocean Group reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Golden Ocean Group, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Golden Ocean Group. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Golden Ocean Group share price

Use our graph to track the performance of GOGL stocks over time.

Golden Ocean Group shares at a glance

Information last updated 2021-02-23.
52-week rangeUSD$2.52 - USD$7.03
50-day moving average USD$5.3621
200-day moving average USD$4.2986
Wall St. target priceUSD$6.19
PE ratio 12.0385
Dividend yield USD$0.05 (0.78%)
Earnings per share (TTM) USD$0.138

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

Is Golden Ocean Group under- or over-valued?

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 12x. In other words, Golden Ocean Group shares trade at around 12x 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 USD$156.7 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 USD$610.9 million
Operating margin TTM 5.45%
Gross profit TTM USD$158.3 million
Return on assets TTM 0.73%
Return on equity TTM -9.55%
Profit margin -22.53%
Book value $9.55
Market capitalisation USD$872.5 million

TTM: trailing 12 months

Shorting Golden Ocean Group shares

There are currently 524,344 Golden Ocean Group shares held short by investors – that's known as Golden Ocean Group's "short interest". This figure is 4.5% up from 501,978 last month.

There are a few different ways that this level of interest in shorting Golden Ocean Group shares can be evaluated.

Golden Ocean Group's "short interest ratio" (SIR)

Golden Ocean Group's "short interest ratio" (SIR) is the quantity of Golden Ocean Group shares currently shorted divided by the average quantity of Golden Ocean Group shares traded daily (recently around 468164.28571429). Golden Ocean Group's SIR currently stands at 1.12. In other words for every 100,000 Golden Ocean Group shares traded daily on the market, roughly 1120 shares are currently held short.

However Golden Ocean Group's short interest can also be evaluated against the total number of Golden Ocean Group shares, or, against the total number of tradable Golden Ocean Group shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Golden Ocean Group's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Golden Ocean Group shares in existence, roughly 0 shares are currently held short) or 0.0057% of the tradable shares (for every 100,000 tradable Golden Ocean Group shares, roughly 6 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Golden Ocean Group.

Find out more about how you can short Golden Ocean Group stock.

Golden Ocean Group share dividends

We're not expecting Golden Ocean Group to pay a dividend over the next 12 months.

Have Golden Ocean Group's shares ever split?

Golden Ocean Group's shares were split on a 1:5 basis on 1 August 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 $2.52 up to $7.03. A popular way to gauge a stock's volatility is its "beta".

GOGL.US volatility(beta: 1.72)Avg. volatility(beta: 1.00)LowHigh

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 1.7166. 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 of 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 12, 2020, it owned a fleet of 67 vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda.

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