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 $7.69, up 3.22% from the previous day, and has decreased 11.51% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.01 percentage points. Golden Ocean Group stock is currently +11.61% from its 52-week low of $6.89, and -27.32% from its 52-week high of $10.58.
At the moment, there are 199.5M GOGL shares outstanding. The market value of GOGL is $1.53B. In the last 24 hours, 1.07M 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:
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- 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.
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.
- Enter your personal details to open your new trading account.
- Send your data by clicking the "Create Account" button.
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 Zen 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 7.77x, relative to Marine Shipping industry P/E ratio of 10.45x
- GOGL could be overvalued based on its P/B ratio of 0.82x, relative to Marine Shipping industry P/B ratio of 0.73x
- GOGL may be undervalued based on its PEG ratio of 0.14x
You can access additional valuation research on GOGL's stock here.
GOGL Financial Health Overview
Passed Health Checks:
- GOGL's operating cash flow of $346.35M allows it to safely service it's debt of $1.47B.
- Total GOGL debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the GOGL balance sheet.
Failed Health Checks:
- GOGL earnings of $279.51M 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 0.85.
- GOGL profit margin has gone down from 50.9% to 21.1% in the past year.
Is it a good time to buy Golden Ocean Group stock, according to analysts?
Out of 2 sell side analysts who monitor GOGL, the consensus analyst rating on Golden Ocean Group is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent GOGL Analyst Forecasts
Omar Nokta, a bottom 29% analyst from Jefferies maintains GOGL with a hold rating and lowers their GOGL price target from $8.50 to $8.00, on Aug 29, 2023.
Gregory Lewis, a top 5% analyst from BTIG maintains GOGL with a strong buy rating and lowers their GOGL price target from $14.00 to $10.00, on Jul 21, 2023.
You can dive deeper into what analysts are forecasting on the Golden Ocean Group stock forecast page.
GOGL Technical Indicators
GOGL Growth Metrics
Last year, GOGL earnings were $198.84M. In the last five year, GOGL's earnings have grown by 19.28% per year. This was slower than the Marine Shipping industry average of 28.42%.
Last year, GOGL revenue was $941.51M. During the last five year, GOGL's revenue has grown by 10.59% per year. This was slower than the Marine Shipping industry average of 17.62%.
Find out more about GOGL's earnings and revenue performance here.
Latest Insiders Trades at GOGL
In the past 12 months, insiders at GOGL have not bought or sold any shares.
Dig into more about who owns GOGL stock here.
Does GOGL provide a stable income stream?
Golden Ocean Group pays a dividend of 9.75%, compared to the Marine Shipping industry's average dividend yield of 10.68%. If you owned $1,000 of GOGL stock, you would have been paid $97.53 in the past 12 months.
Golden Ocean Group dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more data about Golden Ocean Group dividend yield and history here.
What others are saying about GOGL
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your GOGL trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, place a limit order.
Click the Open Trade button and your broker will place the order.
If you need additional help buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in GOGL
Now that you own some GOGL stock, you'll want to stay up-to-date on your investment.
Start a watchlist to keep track of your GOGL stock.
GOGL Feed
How to Buy Stock in Golden Ocean Group
To summarize, 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 require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to track your investment in Golden Ocean Group, click below.
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