Meaningful positive changes in Golden Ocean Group Ltd (NASDAQ: GOGL) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Golden Ocean Group Ltd (NASDAQ: GOGL). Important positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Golden Ocean Group has a neutral Appreciation Score of 49 but a very high Power Rating of 99, producing the Highest Value Trend Rating.
Recent Price Action
Golden Ocean Group Ltd (NASDAQ: GOGL) stock closed at $13.80 on 6/28/24 after a slight decline of -0.6%. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.6% during the last week.
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