Golden Ocean Group Ltd Shares Climb 0.9% Past Previous 52-Week High - Market Mover

The shares rose 0.9% higher than its previous 52-week high of $7.45, with trading volume higher than its 30 day average

Mar 16, 2021 by Kwhen Finance Editors

Golden Ocean Group Ltd Shares Climb 0.9% Past Previous 52-Week High - Market Mover
Golden Ocean Group Ltd shares closed 0.9% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 59.8% year-to-date, up 141.8% over the past 12 months, and up 168.0% over the past five years. This week, the Dow Jones Industrial Average rose 2.3%, and the S&P 500 rose 2.0%.

Trading Activity

  • Trading volume this week was 12.3% higher than the 20-day average.
  • Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.

Technical Indicators

  • The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
  • MACD, a trend-following momentum indicator, indicates an upward trend.
  • The stock closed below its Bollinger band, indicating it may be oversold.

Fundamentals & Catalysts

  • Over the past 12 months the company generated $153 million in earnings before interest and taxes from $683 million in revenue. It currently holds $102 million in cash and $228 million in debt.
  • Its forward price-to-earnings (P/E) ratio of 0 is higher than its current P/E ratio of -8.69, implying that analysts are expecting a decrease in earnings.
  • The company's price/earnings-to-growth ratio (PEG Ratio), a widely used indicator of a stock's true value while also factoring in expected earnings growth, currently stands at 0.01. A fairly valued company should have a PEG ratio of 1.0. When a company's PEG exceeds 1.0, it's considered overvalued while a stock with a PEG of less than 1.0 is considered undervalued.
  • The company's debt-to-equity ratio, which measures the extent to which it finances its operations through debt, currently stands at 2.02 which means it currently has $2.02 of debt for every $1 of equity. Generally speaking, a debt to equity ratio below 1.0 is seen as relatively safe, while ratios of 2.0 or higher would be considered risky. Some industries are known for having much higher debt to equity ratios than others.
  • The company's price-to-book ratio, which measures the market's valuation of a company relative to its book value, currently stands at 0.65. This means that the stock is trading at a discount of 1 times relative to the company's book value which reflects the total value of a company's assets that shareholders of that company would receive if the company were to be liquidated.
  • The company's price-to-sales ratio, which shows how much the market values every dollar of the company's sales, currently stands at 1.28.
  • The company's enterprise value-to-revenue multiple, which is often used to determine a company's valuation in the case of a potential acquisition, currently stands at 2.91.

P/E

-8.69

EBITDA

$153M

P/Book

0.65

Mkt Cap

$1B

P/Sales

1.28

Revenue

$683M

EPS (TTM)

-0.85

PEG Ratio

0.01

EV/Revenue

2.91

Total Cash

$102M

Debt/Equity

2.02

Forward P/E

0.00

Current Debt

$228M

Gross Profit

$271M

Dividend Date

-

Earnings Date

2021-02-18

Profit Margin

-0.18

Revenue/Share

4.77

Total Revenue

$683M

Enterprise Val

$1B

Put/Call Ratio

0.38

Revenue/Employee

3195827.10

Market Comparative Performance

  • The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis
  • The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis
  • The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis
NameDoD %ΔYTD %Δ1 Yr %52-Week H %52-Week L %
Golden Ocean Group Ltd1.659.8141.81.1198.8
Dow Jones Industrial Average-0.48.458.2-0.584.0
S&P 500 Index-1.56.360.1-0.983.1
Industrials-0.98.5-13.1-45.613.2

Peer Group Comparative Performance

  • The company's stock price performance year-to-date beats the peer average by 44.5%
  • The company's stock price performance over the past 12 months beats the peer average by 676.1%
NameMKT CAP (USD)P/EYTD %Δ1 Yr %Δ52-Week H %52-Week L %
Golden Ocean Group LtdGOGL-8.759.8141.81.1198.8
Peer AvgN/A8.741.418.3-16.8102.0
Scorpio Tankers Inc.STNG071.928.0-30.7134.7
Golar LNG Partners LPGMLP34.936.435.3-0.8177.8
Ardmore Shipping Corp.ASC057.29.8-35.695.4

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