How to buy Golden Ocean Group (GOGL) stock

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 38 staff and has a trailing 12-month revenue of around 0.00.

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

• Key figures

Information last updated 2021-07-09.

Latest market close	$9.97
52-week range	$3.09 - $11.50
50-day moving average	$10.48
200-day moving average	$7.60
Wall St. target price	$12.04
PE ratio	32.2756
Dividend yield	$0.25 (2.4%)
Earnings per share (TTM)	$0.31

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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.

Technical Analysis of Golden Ocean Group Limited by TradingView

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

Historical closes compared with the close of $9.97 from 2021-05-28

1 week (2021-07-02)	-4.68%
1 month (2021-06-11)	-10.10%
3 months (2021-04-12)	42.23%
6 months (2021-01-12)	85.34%

1 year (2020-07-10)	161.68%
2 years (2019-07-12)	53.69%
3 years (2018-07-12)	18.08%
5 years (2016-07-12)	1,281.65%

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 32x. In other words, Golden Ocean Group shares trade at around 32x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-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 $201.2 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	$628.2 million
Operating margin TTM	13.2%
Gross profit TTM	$158.3 million
Return on assets TTM	1.79%
Return on equity TTM	3.04%
Profit margin	7.44%
Book value	$8.74
Market capitalisation	$2 billion

TTM: trailing 12 months

Shorting Golden Ocean Group shares

There are currently 699,955 Golden Ocean Group shares held short by investors – that's known as Golden Ocean Group's "short interest". This figure is 40.7% up from 497,505 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 1.3 million). Golden Ocean Group's SIR currently stands at 0.54. In other words for every 100,000 Golden Ocean Group shares traded daily on the market, roughly 540 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 0.0058% 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

Dividend payout ratio: 1.09% of net profits

Recently Golden Ocean Group has paid out, on average, around 1.09% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.35% 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 2.35% return on their shares, in the form of dividend payments. In Golden Ocean Group's case, that would currently equate to about $0.25 per share.

While Golden Ocean Group's payout ratio might seem low, this can signify that Golden Ocean Group is investing more in its future growth.

Golden Ocean Group's most recent dividend payout was on 9 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 1 June 2021 (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 $3.0947 up to $11.495. 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 1.8033. 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 18, 2021, it owned a fleet of 67 dry bulk vessels. Golden Ocean Group Limited is based in Hamilton, Bermuda. .

Frequently asked questions

What percentage of Golden Ocean Group is owned by insiders or institutions?
Currently 39.342% of Golden Ocean Group shares are held by insiders and 30.529% by institutions. How many people work for Golden Ocean Group?
Latest data suggests 38 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: G39637106