For its third fiscal quarter (ending September 30), Golden Ocean Group Ltd (NASDAQ: GOGL) has reported a 100% increase in E.P.S. from $0.14 a year ago to $0.28 in the current quarter. E.P.S. were $1.21 for the latest four quarters through September 30 versus $0.61 for the same period a year ago — an increase of 98%.
Recent Price Action
On 11/27/24, Golden Ocean Group Ltd (NASDAQ: GOGL) stock suffered a large decline of -7.1%, closing at $10.09. Moreover, exceptionally high trading volume at 293% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -15.4% during the last week.
Current PriceTarget Research Rating
Golden Ocean Group has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Golden Ocean Group has a slightly positive Appreciation Score of 68 but a slightly negative Power Rating of 34, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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