For its first fiscal quarter (ending March 31), Golden Ocean Group Ltd (NASDAQ: GOGL) has reported E.P.S. of $0.33 compared to $-0.04 a year ago. For the latest four quarters through March 31, E.P.S. were $0.93 versus $1.64 for the same period a year ago.
Recent Price Action
Golden Ocean Group Ltd (NASDAQ: GOGL) stock closed at $14.15 on 5/22/24 after a major decline of -10.3%. Moreover, exceptionally high trading volume at 422% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.5% 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Golden Ocean Group has a slightly positive Appreciation Score of 61 and a very high Power Rating of 100, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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