Golden Ocean Group Stock Today
| GOGL Stock | USD 8.86 0.13 1.45% |
Performance0 of 100
| Odds Of DistressLess than 1
|
Golden Ocean is selling for 8.86 as of the 18th of January 2025. This is a 1.45 percent decrease since the beginning of the trading day. The stock's lowest day price was 8.76. Golden Ocean has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Note, on May 14, 2024, Senator Tommy Tuberville of US Senate acquired $50k to $100k worth of Golden Ocean Group's common stock.
Business Domain Transportation | IPO Date 6th of February 1997 | Category Industrials |
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide. As of March 23, 2022, it owned a fleet of 81 dry bulk vessels. Golden Ocean operates under Marine Shipping classification in the United States and is traded on NASDAQ Exchange. The company has 199.4 M outstanding shares of which 4.69 M shares are currently shorted by private and institutional investors with about 3.33 trading days to cover. More on Golden Ocean Group
Moving together with Golden Stock
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores
Golden Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Business Concentration | Marine Transportation, Marine Shipping, Industrials, Oslo Exchange Mutual, NASDAQ Composite, NASDAQ Composite Total, Oslo All Share, Oslo OBX Stock, Industrials, Marine Transportation, Marine Shipping, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt LevelsGolden Ocean can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Golden Ocean's financial leverage. It provides some insight into what part of Golden Ocean's total assets is financed by creditors.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Golden Ocean Group (GOGL) is traded on NASDAQ Exchange in USA. It is located in 14 Par-la-Ville Road, Hamilton, Bermuda, HM 08 and employs 38 people. Golden Ocean is listed under Marine Transportation category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.81 B. Golden Ocean Group conducts business under Marine Transportation sector and is part of Industrials industry. The entity has 199.4 M outstanding shares of which 4.69 M shares are currently shorted by private and institutional investors with about 3.33 trading days to cover.
Golden Ocean Group currently holds about 163.98 M in cash with 266.34 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.82.
Check Golden Ocean Probability Of Bankruptcy
Ownership AllocationGolden Ocean Group has a total of 199.4 Million outstanding shares. Golden Ocean secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. On May 14, 2024, Senator Tommy Tuberville of US Senate acquired $50k to $100k worth of Golden Ocean Group's common stock.
Check Golden Ownership Details
Golden Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Voloridge Investment Management, Llc | 2024-09-30 | 1.4 M | |
| Hosking Partners Llp | 2024-09-30 | 1.3 M | |
| Marshall Wace Asset Management Ltd | 2024-09-30 | 1.1 M | |
| Empowered Funds, Llc | 2024-09-30 | 929.8 K | |
| Northern Trust Corp | 2024-09-30 | 863.1 K | |
| Acadian Asset Management Llc | 2024-09-30 | 748.1 K | |
| Goldman Sachs Group Inc | 2024-09-30 | 719.9 K | |
| Mirabella Financial Services Llp | 2024-09-30 | 700 K | |
| Jacobs Levy Equity Management, Inc. | 2024-09-30 | 694.3 K | |
| Folketrygdfondet | 2024-09-30 | 7.5 M | |
| Blackrock Inc | 2024-09-30 | 6.8 M |
Golden Ocean Historical Income Statement
Golden Stock Against Markets
Golden Ocean Corporate Management
| LarsChristian Svensen | Chief Officer | Profile | |
| Peder Simonsen | Interim AS | Profile | |
| Ulrik Andersen | Chief AS | Profile | |
| Tord Brath | Head Operations | Profile |
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 price. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Ocean. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Ocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.822 | Earnings Share 1.21 | Revenue Per Share | Quarterly Revenue Growth 0.172 | Return On Assets |
The market value of Golden Ocean Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Ocean's value that differs from its market value or its book value, called intrinsic value, which is Golden Ocean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Ocean's market value can be influenced by many factors that don't directly affect Golden Ocean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Golden Ocean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Ocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Ocean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.