Golden Ocean (Norway) Analysis
| GOGL Stock | NOK 122.45 0.05 0.04% |
Golden Ocean Group is fairly valued with Real Value of 122.45 and Hype Value of 122.45. The main objective of Golden Ocean stock analysis is to determine its intrinsic value, which is an estimate of what Golden Ocean Group is worth, separate from its market price. There are two main types of Golden Ocean's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Golden Ocean's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Golden Ocean's stock to identify patterns and trends that may indicate its future price movements.
The Golden Ocean stock is traded in Norway on Oslo Stock Exchange, with the market opening at 09:00:00 and closing at 16:20:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Norway.
Golden |
Golden Stock Analysis Notes
About 39.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.92. Some equities with similar Price to Book (P/B) outperform the market in the long run. Golden Ocean Group has Price/Earnings (P/E) ratio of 134.86. The entity recorded earning per share (EPS) of 30.83. The firm last dividend was issued on the 25th of November 2022. Golden Ocean had 1:5 split on the 1st of August 2016. Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. As of March 31, 2019, it owned a fleet of 77 vessels comprising 38 Capesize, 27 Panamax, and 2 Ultramax vessels 8 Capesize vessels under operating leases 1 Panamax vessel under a capital lease and 1 Supramax vessel under an operating lease. GOLDEN OCEAN operates under Shipping Ports classification in Norway and is traded on Oslo Stock Exchange. It employs 32 people. To learn more about Golden Ocean Group call the company at 441 295 6935 or check out https://www.goldenocean.bm.Golden Ocean Group Investment Alerts
| Golden Ocean Group generated a negative expected return over the last 90 days | |
| Golden Ocean Group has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Golden Ocean Group has accumulated 1.26 B in total debt with debt to equity ratio (D/E) of 90.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Golden Ocean Group has a current ratio of 0.71, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Golden Ocean until it has trouble settling it off, either with new capital or with free cash flow. So, Golden Ocean's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Golden Ocean Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Golden to invest in growth at high rates of return. When we think about Golden Ocean's use of debt, we should always consider it together with cash and equity. | |
| About 39.0% of Golden Ocean shares are held by company insiders |
Golden Market Capitalization
The company currently falls under 'Large-Cap' category with a current market capitalization of 19.43 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Golden Ocean's market, we take the total number of its shares issued and multiply it by Golden Ocean's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Golden Profitablity
Golden Ocean's profitability indicators refer to fundamental financial ratios that showcase Golden Ocean's ability to generate income relative to its revenue or operating costs. If, let's say, Golden Ocean is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Golden Ocean's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Golden Ocean's profitability requires more research than a typical breakdown of Golden Ocean's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.48 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.43 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.43. Technical Drivers
As of the 27th of November, Golden Ocean retains the Risk Adjusted Performance of (0.01), standard deviation of 2.03, and Market Risk Adjusted Performance of (0.26). Golden Ocean technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Golden Ocean Group treynor ratio, value at risk, and the relationship between the information ratio and maximum drawdown to decide if Golden Ocean is priced fairly, providing market reflects its last-minute price of 122.45 per share.Golden Ocean Group Price Movement Analysis
java.lang.NullPointerException: Cannot invoke "java.lang.Number.intValue()" because the return value of "sun.invoke.util.ValueConversions.primitiveConversion(sun.invoke.util.Wrapper, Object, boolean)" is null. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Golden Ocean middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Golden Ocean Group. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Golden Ocean Outstanding Bonds
Golden Ocean issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Golden Ocean Group uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Golden bonds can be classified according to their maturity, which is the date when Golden Ocean Group has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Golden Ocean Predictive Daily Indicators
Golden Ocean intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Golden Ocean stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 5347.03 | |||
| Daily Balance Of Power | 0.0233 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 122.83 | |||
| Day Typical Price | 122.7 | |||
| Price Action Indicator | (0.35) | |||
| Period Momentum Indicator | 0.05 |
Golden Ocean Forecast Models
Golden Ocean's time-series forecasting models are one of many Golden Ocean's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Golden Ocean's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Golden Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Golden Ocean prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Golden shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Golden Ocean. By using and applying Golden Stock analysis, traders can create a robust methodology for identifying Golden entry and exit points for their positions.
Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. As of March 31, 2019, it owned a fleet of 77 vessels comprising 38 Capesize, 27 Panamax, and 2 Ultramax vessels 8 Capesize vessels under operating leases 1 Panamax vessel under a capital lease and 1 Supramax vessel under an operating lease. GOLDEN OCEAN operates under Shipping Ports classification in Norway and is traded on Oslo Stock Exchange. It employs 32 people.
Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Golden Ocean to your portfolios without increasing risk or reducing expected return.Did you try this?
Run Performance Analysis Now
Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
Additional Information and Resources on Investing in Golden Stock
When determining whether Golden Ocean Group is a strong investment it is important to analyze Golden Ocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Golden Ocean's future performance. For an informed investment choice regarding Golden Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.