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 $13.03, up 0.15% from the previous day, and has increased 37.16% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.1 percentage points. Golden Ocean Group stock is currently +89.11% from its 52-week low of $6.89, and -6.59% from its 52-week high of $13.95.
At the moment, there are 199.63M GOGL shares outstanding. The market capitalization of GOGL is $2.60B. In the past 24 hours, 1.14M GOGL shares were traded.
How to Buy Golden Ocean Group Stock
Wondering 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 tested dozens of stock brokerages and apps to help you choose 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 payment method and add your information.
- 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 figure out 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 buy GOGL shares at a particular price.
- Watch your investment in GOGL: Create a watchlist to important notifications about your investment in Golden Ocean Group shares.
Step 1: Decide where to buy Golden Ocean Group stock
You will need a brokerage account to access the NASDAQ market and buy GOGL shares.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed fintech leader.
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Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal information so you can invest in GOGL today.
How to Start a New 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.
- Input your personal data to create a new brokerage account.
- Send your info 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 apps for stock market, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details depositing money into your new investment account.
Step 4: Research Golden Ocean Group stock
Once you have selected the best place to buy Golden Ocean Group stock, it's crucial to analyze their stock before you buy, so you truly comprehend the risk as well as the upside.
Golden Ocean Group stock at a glance
GOGL Zen Score
WallStreetZen was designed to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on GOGL's stock page.
How is GOGL stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge GOGL's intrinsic value.
Using relative valuations metrics:
- GOGL could be overvalued based on its P/E ratio of 23.27x, relative to Marine Shipping industry P/E ratio of 15.84x
- GOGL may be overvalued based on its P/B ratio of 1.35x, relative to Marine Shipping industry P/B ratio of 0.95x
- GOGL could be undervalued based on its PEG ratio of 0.13x
You can access more valuation research on GOGL's stock here.
GOGL Financial Overview
Passed Health Checks:
- 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.
- GOGL has $118.64M in cash and short term investments. This is sufficient to cover its annual cash burn of $116.37M.
- GOGL has cash burn of 116365000. It has enough cash and short-term investments to cover this for at least one year.
Failed Health Checks:
- 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 0.82.
- GOGL profit margin has gone down from 41.5% to 12.7% in the past year.
Do analysts think it's a good time to buy Golden Ocean Group stock
Out of 1 Wall Street analysts who give recommendations on GOGL, the consensus analyst rating on GOGL is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Golden Ocean Group stock forecast page.
Metrics for Advanced GOGL Traders
How is GOGL performing as a company?
Last year, GOGL earnings were $112.27M. During the past five year, GOGL's earnings have increased by -1.04% per year. This was slower than the Marine Shipping industry average of 15.57%.
Last year, GOGL revenue was $885.77M. In the last five year, GOGL's revenue has increased by 6.19% per year. This was slower than the Marine Shipping industry average of 15.68%.
Learn more about GOGL's earnings and revenue performance here.
Who is buying/selling GOGL?
Over the past 12 months, insiders at GOGL have not bought or sold any shares.
Learn more about who owns GOGL stock here.
Does GOGL stock generate passive income?
Golden Ocean Group pays a dividend of 4.6%, compared to the Marine Shipping industry's average dividend yield of 5.47%. If you owned $1,000 worth of GOGL stock, you would have received $46.05 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 analysis about Golden Ocean Group dividend yield and history here.
What others are saying about GOGL
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your GOGL trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order 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 given price limit, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you want more help with buying stocks on eToro, click the helpful video below:
Step 6: Watch your investment in GOGL
Now that you own some GOGL shares, you'll want to keep up with your new company.
Start a watchlist to see the latest developments about 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 are looking for a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to monitor your new investment in Golden Ocean Group, get started below.
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