How to Buy Golden Ocean Group Stock
Golden Ocean Group Ltd
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels comprising Newcastlemax, Capesize, Panamax, and Ultramax vessels worldwide.
Golden Ocean Group stock last closed at $7.72, up 0.65% from the previous day, and has decreased 45.21% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.27 percentage points. Golden Ocean Group stock is currently +23.13% from its 52-week low of $6.27, and -51.05% from its 52-week high of $15.77.
At the moment, there are 199.4M GOGL shares outstanding. The market value of GOGL is $1.54B. In the last 24 hours, 2.01M GOGL shares were traded.
How to Buy Golden Ocean Group Stock
Not sure how to invest in Golden Ocean Group stock? Here's how.
- Decide where to buy Golden Ocean Group stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you figure out where to buy Golden Ocean Group stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your method of payment and add your details.
- Research Golden Ocean Group stock: The Golden Ocean Group ticker symbol is GOGL. Is Golden Ocean Group stock a good investment? Should you buy shares of GOGL? How do GOGL's underlying business fundamentals look? Do top analysts think Golden Ocean Group is a good buy? Why has GOGL's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if GOGL is a good stock to buy).
- Make your GOGL trade: Decide if you will purchase GOGL shares at the current market price or use a limit order to purchase GOGL shares at a particular price.
- Watch your investment in GOGL: Create a watchlist to key updates about your position in Golden Ocean Group stock.
Step 1: Decide where to buy Golden Ocean Group stock
You will need an online brokerage account to access the NASDAQ market and buy GOGL stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to world financial markets: From Technology to Healthcare, New York to Tokyo (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal details so you can buy GOGL stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have opened your account on one of the best stock trading apps, your next step is to transfer the money for your investment:
Check out the tutorial below for more details transferring money into your brokerage account.
Step 4: Research Golden Ocean Group stock
After you have figured out the best place to buy Golden Ocean Group stock, it's critical to analyze their stock before you buy, so you truly wrap your head around the risk as well as the opportunity.
Golden Ocean Group Metrics
Golden Ocean Group Due Diligence Score
WallStreetZen was designed to help everyday investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on GOGL's stock page.
What is the fair value of GOGL stock?
Analysts use many financial metrics, analyses, models, and charts to gauge GOGL's true value.
Using relative valuations ratios:
- GOGL could be undervalued based on its P/E ratio of 6.89x, relative to Marine Shipping industry P/E ratio of 9.14x
- GOGL could be overvalued based on its P/B ratio of 0.81x, relative to Marine Shipping industry P/B ratio of 0.75x
You can do additional valuation analysis on GOGL's stock here.
GOGL Financial Health Overview
Passed Health Checks:
- Total GOGL debt is lower than 5 years ago, relative to shareholder equity.
- GOGL profit margin has gone up from 12.7% to 23% in the past year.
- GOGL's operating cash flow of $365.30M allows it to safely service it's debt of $1.38B.
- There are more short-term assets than short-term liabilities on the GOGL balance sheet.
Failed Health Checks:
- GOGL earnings of $331.98M is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the GOGL balance sheet.
- GOGL has a relatively high debt to equity ratio of 0.78.
Is Golden Ocean Group stock a Buy, Hold, or Sell, according to analysts?
Out of 2 Wall Street analysts who give ratings on GOGL, the consensus analyst rating on GOGL is a Hold
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Golden Ocean Group stock forecast page.
Metrics for Advanced GOGL Traders
GOGL Performance Metrics
Last year, GOGL earnings were $223.21M. Over the past five year, GOGL's earnings have grown by 33.92% per year. This was slower than the Marine Shipping industry average of 38.38%.
Last year, GOGL revenue was $968.42M. Over the last 5 year, GOGL's revenue has increased by 6.53% per year. This was slower than the Marine Shipping industry average of 37.51%.
You can research GOGL's earnings and revenue performance here.
Latest Insiders Trades at GOGL
Over the last year, insiders at GOGL have not bought or sold any shares.
Learn more about who owns GOGL shares here.
Can I get consistent income from GOGL stock?
Golden Ocean Group pays a dividend of 13.6%, compared to the Marine Shipping industry's average dividend yield of 22.07%. If you owned $1,000 worth of GOGL stock, you would have been paid $136.01 in the past year.
Golden Ocean Group dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Golden Ocean Group dividend yield and history here.
GOGL Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your GOGL trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need additional help with buying stocks on eToro, watch the how to video below:
Step 6: Watch your investment in GOGL
Now that you own some GOGL shares, you'll want to keep up with your shares.
Make a watchlist to track the most important metrics related to your GOGL stock.
GOGL Feed
How to Buy Stock in Golden Ocean Group
To reiterate, here are the 6 steps to buy Golden Ocean Group stock:
- Decide where to buy Golden Ocean Group stock
- Open a brokerage account
- Put funds into your brokerage account
- Research Golden Ocean Group stock
- Make your GOGL trade
- Watch your investment in GOGL
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your new investment in Golden Ocean Group, click the button below.
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