Golden Ocean Group Limited (GOGL): Volume reached to 0.65 million

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Golden Ocean Group Limited (NASDAQ:GOGL) changes shares on Friday trading session, with a change of -7.08% or -$0.31 shares. The trading starts at $4.17 and closed at $4.38 throughout the day. The trading session low price was $3.98 and day high was $4.20 on Friday, June 19. After the session, the Industrials sector daily volume shifted to 0.65 million while its average volume is 410.68K. In other hand, the GOGL market cap reached to $627.59M.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 6.82% and up 17.97% for month. Its quarterly performance was 45.88% above, while its half year performance is down -26.67%. GOGL yearly performance stood at negative -23.06% and fall -29.95% for year-to-date. Current recommendation for Golden Ocean Group Limited is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. GOGL EPS (TTM) for 12-month is -0.80. EPS for this year is -55.80%, while for the next year its value is 0.56. It has an EPS of -30.00% down for past five years and for the next five years will be down -0.20%.

Let’s take a look on the analyst recommendations on GOGL for the current month and previous month. For the current month, 6 of 9 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 9 analysts participate in stock recommendation. Out of 9, 0 rated it sell, 5 rated it as Buy and 4 as Hold Ratings.

The insider ownership moved to 5.60% and institutional holding shifted to 25.80%.

The company posted an EPS (TTM) of -0.80. According to the most recent quarter report on (Jun 2020), 4 analysts estimated an average EPS of -0.27, while -0.15 EPS posted a year ago period. Analyst Estimated EPS for GOGL published in the report was -0.31–0.23 during the same period. Comparing with last year, the average estimated EPS was -0.15 which is higher than -0.25 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for GOGL fall -13.00% for period of 200 days. SMA for 50 days was 17.10% which is showing green signal, while SMA-20 was 11.05%. The moving average value for Golden Ocean Group Limited (GOGL) is 4.0991 and 3.4732 for 200 and 50 days respectively.