Is Golden Ocean Group Limited (NASDAQ: GOGL) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Golden Ocean Group Limited (GOGL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.13, or -1.42%, to $9. Volume reached 41,885 shares, with price reaching a high of $9.04 and a low of $8.88. The stock was recently discussed on Yahoo Finance as it revealed that GOGL – Notice of Annual General Meeting 2022.


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Stocks Info

Golden Ocean Group Limited is listed on the NASDAQ in the Industrials sector while operating in the Marine Shipping industry. At the end of the last regular session, the stock closed at $8.89 and fluctuated between $9.14 as its day high and $8.87 as its day low. The current market capitalization of Golden Ocean Group Limited is $1.85B. A total of 2.55 million shares were traded on the day, compared to an average of 3.67M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GOGL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 2 BUYs and 2 SELLs from insiders. Insiders purchased 375,000 shares during that period but sold 375,000.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Golden Ocean Group Limited pays an annual dividend of $2.40, resulting in a dividend yield of 27.00%, and it has a price to earnings (P/E) ratio of 2.60. GOGL’s most recent ex-dividend date was 09/06/2022 when it declared a $0.60 quarterly dividend that was paid in cash on 09/14/2022. Previously, the company paid the dividend on 06/08/2022 with an ex-dividend date of 05/31/2022. The dividend was $0.50 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GOGL in the last 3 months, the mean price target is $13.64 with high estimates of $17.47 and low estimates of $9.00. In terms of 52-week highs and lows, GOGL has a high of $16.46 and a low of $7.59.

As of this writing, GOGL has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.35 per share and a lower estimate of $0.35.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GOGL is Hold with a score of 5.00. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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