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.
A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.
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Step 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.
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
GOGL Price
$7.69
1w %
0.52%
1y %
-11.51%
5y %
-18.45%
P/E
7.77x
P/B
0.82x
P/S
1.63x
PEG
0.14x
Revenue
$941.51M
Earnings
$198.84M
Fore. Rev. Growth
-19.53%
Fore. Earn. Growth
69.7%
Market Cap
$1.53B
Next Earnings
N/A
Next Dividend
N/A
Golden Ocean Group Zen Score
WallStreetZen was designed to help everyday investors perform better fundamental analysis in less time.
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.
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%.
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.
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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:
How much does it cost to buy one Golden Ocean Group share?
As of Sep 22, 2023, it costs $7.69 to buy one share of Golden Ocean Group stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.39 shares of GOGL.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.