Golden Ocean Group Stock Today
| GOGL Stock | USD 7.97 0.21 2.71% |
PerformanceVery Weak
| Odds Of DistressLow
|
Golden Ocean is selling for 7.97 as of the 20th of March 2025. This is a 2.71 percent increase since the beginning of the trading day. The stock's lowest day price was 7.58. Golden Ocean has less than a 9 % 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.
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 199.38 M outstanding shares of which 4.68 M shares are currently shorted by private and institutional investors with about 2.01 trading days to cover. More on Golden Ocean Group
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Golden Stock Highlights
| Business Concentration | Transportation, Marine Shipping, Industrials, Oslo Exchange Mutual, Industrials, Marine Transportation, Marine Shipping, Industrials (View all Sectors) |
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 4 people. Golden Ocean is listed under Transportation category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.53 B. Golden Ocean Group conducts business under Marine Transportation sector and is part of Industrials industry. The entity has 199.38 M outstanding shares of which 4.68 M shares are currently shorted by private and institutional investors with about 2.01 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.
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Ownership AllocationGolden Ocean Group has a total of 199.38 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.
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Golden Ocean Group Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Golden Ocean market risk premium is the additional return an investor will receive from holding Golden Ocean long position in a well-diversified portfolio.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | 0.1147 | |||
| Treynor Ratio | (0.29) |
Golden Stock Against Markets
Golden Ocean Corporate Executives
Elected by the shareholders, the Golden Ocean's board of directors comprises two types of representatives: Golden Ocean inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Golden. The board's role is to monitor Golden Ocean's management team and ensure that shareholders' interests are well served. Golden Ocean's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Golden Ocean's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peder Simonsen | Interim CFO | 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is 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.
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.