Is Golden Ocean Stock a Good Investment?
Golden Ocean Investment Advice | GOGL |
- Examine Golden Ocean's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Golden Ocean's leadership team and their track record. Good management can help Golden Ocean navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Marine Transportation space and any emerging trends that could impact Golden Ocean's business and its evolving consumer preferences.
- Compare Golden Ocean's performance and market position to its competitors. Analyze how Golden Ocean is positioned in terms of product offerings, innovation, and market share.
- Check if Golden Ocean pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Golden Ocean's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Golden Ocean Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Golden Ocean Group is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Insignificant | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Golden Ocean Stock
Researching Golden Ocean's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 40.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.35. Some equities with similar Price to Book (P/B) outperform the market in the long run. Golden Ocean Group last dividend was issued on the 6th of June 2024. The entity had 1:5 split on the 1st of August 2016.
To determine if Golden Ocean is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Golden Ocean's research are outlined below:
| About 40.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: BlackRock Surpasses 5 percent Stake in Golden Ocean Group - TipRanks.com - TipRanks |
Golden Ocean Quarterly Cost Of Revenue |
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Golden Ocean uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Golden Ocean Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Golden Ocean's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 21st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Golden Ocean's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Golden Ocean's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-08-17 | 2018-06-30 | 0.05 | 0.06 | 0.01 | 20 | ||
2013-05-08 | 2013-03-31 | -0.09 | -0.1 | -0.01 | 11 | ||
2014-05-08 | 2014-03-31 | 0.17 | 0.15 | -0.02 | 11 | ||
2024-05-22 | 2024-03-31 | 0.26 | 0.29 | 0.03 | 11 | ||
2020-02-18 | 2019-12-31 | 0.26 | 0.23 | -0.03 | 11 | ||
2018-02-20 | 2017-12-31 | 0.14 | 0.17 | 0.03 | 21 | ||
2017-08-17 | 2017-06-30 | -0.1 | -0.07 | 0.03 | 30 | ||
2021-05-20 | 2021-03-31 | 0.07 | 0.11 | 0.04 | 57 |
Golden Ocean Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Golden target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Golden Ocean's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 6 | Buy |
Most Golden analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Golden stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Golden Ocean Group, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationGolden Ocean Target Price Projection
Golden Ocean's current and average target prices are 14.15 and 10.37, respectively. The current price of Golden Ocean is the price at which Golden Ocean Group is currently trading. On the other hand, Golden Ocean's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Golden Ocean Market Quote on 6th of June 2024
Target Price
Analyst Consensus On Golden Ocean Target Price
Golden Ocean Analyst Ratings
Golden Ocean's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Golden Ocean stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Golden Ocean's financials, market performance, and future outlook by experienced professionals. Golden Ocean's historical ratings below, therefore, can serve as a valuable tool for investors.Know Golden Ocean's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Golden Ocean is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Golden Ocean Group backward and forwards among themselves. Golden Ocean's institutional investor refers to the entity that pools money to purchase Golden Ocean's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Voloridge Investment Management, Llc | 2024-03-31 | 913.1 K | Morgan Stanley - Brokerage Accounts | 2024-03-31 | 868.9 K | Northern Trust Corp | 2024-03-31 | 857.7 K | Goldman Sachs Group Inc | 2023-12-31 | 814.4 K | Two Sigma Investments Llc | 2024-03-31 | 798.1 K | Marshall Wace Asset Management Ltd | 2024-03-31 | 790.9 K | Mirae Asset Global Investments (korea) Co Ltd | 2024-03-31 | 786 K | Hsbc Holdings Plc | 2024-03-31 | 752.3 K | Jpmorgan Chase & Co | 2024-03-31 | 719.2 K | Folketrygdfondet | 2024-03-31 | 9.4 M | Blackrock Inc | 2024-03-31 | 6.5 M |
Golden Ocean's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.82 B.Market Cap |
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Golden Ocean's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.03 | |
| Return On Capital Employed | 0.06 | 0.10 | |
| Return On Assets | 0.03 | 0.03 | |
| Return On Equity | 0.06 | 0.11 |
Determining Golden Ocean's profitability involves analyzing its financial statements and using various financial metrics to determine if Golden Ocean is a good buy. For example, gross profit margin measures Golden Ocean's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Golden Ocean's profitability and make more informed investment decisions.
The data published in Golden Ocean's official financial statements typically reflect Golden Ocean's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Golden Ocean's quantitative information. For example, before you start analyzing numbers published by Golden accountants, it’s essential to understand Golden Ocean's liquidity, profitability, and earnings quality within the context of the Marine Transportation space in which it operates.
Evaluate Golden Ocean's management efficiency
Golden Ocean Group has return on total asset (ROA) of 0.0472 % which means that it generated a profit of $0.0472 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0983 %, meaning that it created $0.0983 on every $100 dollars invested by stockholders. Golden Ocean's management efficiency ratios could be used to measure how well Golden Ocean manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Golden Ocean's Return On Capital Employed is quite stable compared to the past year. Return On Equity is expected to rise to 0.11 this year, although the value of Return On Tangible Assets will most likely fall to 0.03. At this time, Golden Ocean's Total Assets are quite stable compared to the past year. Non Current Assets Total is expected to rise to about 3.4 B this year, although the value of Total Current Assets will most likely fall to about 156.5 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 9.61 | 9.13 | |
| Tangible Book Value Per Share | 9.61 | 9.13 | |
| Enterprise Value Over EBITDA | 10.11 | 10.61 | |
| Price Book Value Ratio | 1.02 | 1.22 | |
| Enterprise Value Multiple | 10.11 | 10.61 | |
| Price Fair Value | 1.02 | 1.22 | |
| Enterprise Value | 1.6 B | 1.7 B |
The analysis of Golden Ocean's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Golden Ocean's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Golden Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0866 | Forward Dividend Yield 0.0866 | Forward Dividend Rate 1.2 | Beta 1.354 |
Basic technical analysis of Golden Stock
As of the 6th of June, Golden Ocean retains the Downside Deviation of 2.42, market risk adjusted performance of 0.2024, and Risk Adjusted Performance of 0.0607. Golden Ocean technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Golden Ocean Group information ratio, as well as the relationship between the value at risk and expected short fall to decide if Golden Ocean is priced fairly, providing market reflects its last-minute price of 14.15 per share. Given that Golden Ocean Group has jensen alpha of 0.1598, we strongly advise you to confirm Golden Ocean Group's regular market performance to make sure the company can sustain itself at a future point.Understand Golden Ocean's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Golden Ocean's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0607 | |||
| Market Risk Adjusted Performance | 0.2024 | |||
| Mean Deviation | 1.59 | |||
| Semi Deviation | 2.22 | |||
| Downside Deviation | 2.42 | |||
| Coefficient Of Variation | 1173.84 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.74 | |||
| Information Ratio | 0.0727 | |||
| Jensen Alpha | 0.1598 | |||
| Total Risk Alpha | 0.1163 | |||
| Sortino Ratio | 0.0656 | |||
| Treynor Ratio | 0.1924 | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 3.28 | |||
| Downside Variance | 5.83 | |||
| Semi Variance | 4.94 | |||
| Expected Short fall | (1.73) | |||
| Skewness | (1.54) | |||
| Kurtosis | 6.9 |
| Risk Adjusted Performance | 0.0607 | |||
| Market Risk Adjusted Performance | 0.2024 | |||
| Mean Deviation | 1.59 | |||
| Semi Deviation | 2.22 | |||
| Downside Deviation | 2.42 | |||
| Coefficient Of Variation | 1173.84 | |||
| Standard Deviation | 2.18 | |||
| Variance | 4.74 | |||
| Information Ratio | 0.0727 | |||
| Jensen Alpha | 0.1598 | |||
| Total Risk Alpha | 0.1163 | |||
| Sortino Ratio | 0.0656 | |||
| Treynor Ratio | 0.1924 | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 3.28 | |||
| Downside Variance | 5.83 | |||
| Semi Variance | 4.94 | |||
| Expected Short fall | (1.73) | |||
| Skewness | (1.54) | |||
| Kurtosis | 6.9 |
Consider Golden Ocean's intraday indicators
Golden Ocean intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Golden Ocean stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Golden Ocean Corporate Filings
6K | 29th of May 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 20th of March 2024 Other Reports | ViewVerify |
Golden Stock media impact
Far too much social signal, news, headlines, and media speculation about Golden Ocean that are available to investors today. That information is available publicly through Golden media outlets and privately through word of mouth or via Golden internal channels. However, regardless of the origin, that massive amount of Golden data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Golden Ocean news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Golden Ocean relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Golden Ocean's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Golden Ocean alpha.
Golden Ocean Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Golden Ocean can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Golden Ocean Group Historical Investor Sentiment
Investor biases related to Golden Ocean's public news can be used to forecast risks associated with an investment in Golden. The trend in average sentiment can be used to explain how an investor holding Golden can time the market purely based on public headlines and social activities around Golden Ocean Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Golden Ocean's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Golden Ocean and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Golden Ocean news discussions. The higher the estimate score, the more favorable the investor's outlook on Golden Ocean.
Golden Ocean Corporate Management
| LarsChristian Svensen | Chief Officer | Profile | |
| Peder Simonsen | Chief AS | Profile | |
| Ulrik Andersen | Chief AS | Profile | |
| Tord Brath | Head Operations | Profile |
Additional Information and Resources on Investing in Golden Stock
When determining whether Golden Ocean Group is a strong investment it is important to analyze Golden Ocean's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Golden Ocean's future performance. For an informed investment choice regarding Golden Stock, refer to the following important reports:Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Ocean Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Ocean. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Ocean listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Dividend Share 0.8 | Earnings Share 0.93 | Revenue Per Share 4.686 | Quarterly Revenue Growth 0.256 |
The market value of Golden Ocean Group is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Ocean's value that differs from its market value or its book value, called intrinsic value, which is Golden Ocean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Ocean's market value can be influenced by many factors that don't directly affect Golden Ocean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Golden Ocean's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Golden Ocean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Ocean's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.