Golden Ocean Group Ltd (NASDAQ: GOGL) has reported E.P.S. of $0.31 for its second fiscal quarter (ending June 30) versus $0.17 for the same period a year ago. E.P.S. were $1.07 for the latest four quarters through June 30 versus $0.99 for the same period a year ago.
Recent Price Action
On 8/28/24, Golden Ocean Group Ltd (NASDAQ: GOGL) stock declined by -4.1%, closing at $12.09. Moreover, exceptionally high trading volume at 274% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -0.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GOGL is expected to continue to be an important Value Builder.
Golden Ocean Group has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Golden Ocean Group has a neutral Appreciation Score of 58 but a good Power Rating of 81, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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