Taking On Challenges And Growing? – Golden Ocean Group Limited (GOGL)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that REMINDER – Leading Dry Bulk & Container Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum Monday, March 11, 2024 in New York City.

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Stocks Info

This NASDAQ-listed company operates within the Marine Shipping industry segment, falling under the Industrials sector. The current market capitalization of Golden Ocean Group Limited is $2.78B. A total of 1.82 million shares were traded on the day, compared to an average of 1.74M shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Golden Ocean Group Limited pays an annual dividend of $0.30, resulting in a dividend yield of 2.15%, and it has a price to earnings (P/E) ratio of 24.69. GOGL’s most recent ex-dividend date was 3/12/2024 when it declared a $0.30 quarterly dividend that was paid in cash on 3/25/2024. Previously, the company paid the dividend on 12/13/2023 with an ex-dividend date of 12/5/2023. The GOGL stock dividend was $0.10 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, GOGL has a high of $13.62 and a low of $6.89.

As of this writing, GOGL has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.3 per share and a lower estimate of $0.08. The company reported an EPS of $0.14 in the last quarter, which was 133.30% higher than expectations of $0.06.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GOGL’s latest balance sheet shows that the firm has $198.72M in Cash & Short Term Investments as of fiscal 2021. There were $1.42B in debt and $248.07M in liabilities at the time. Its Book Value Per Share was $9.44, while its Total Shareholder’s Equity was $1.93B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.00.

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