Stock Rating Downgrade
In recent days the Value Trend Rating for Golden Ocean Group Ltd (NASDAQ: GOGL) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Golden Ocean Group Ltd (NASDAQ: GOGL) stock was unchanged 0.0% on 11/10/23. The shares closed at $7.39. The stock has been weak relative to the market over the last nine months and has declined -1.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GOGL is expected to continue to be a modest Value Builder.
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 good Appreciation Score of 75 but a slightly negative Power Rating of 37, leading to the Neutral Value Trend Rating.
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