Why Do Investors Buy Stock In Golden Ocean Group Limited (GOGL)?
Golden Ocean Group Limited (NASDAQ:GOGL) has a beta value of 1.81 and has seen 0.87 million shares traded in the last trading session. The company, currently valued at $2.14B, closed the last trade at $10.46 per share which meant it lost -$0.19 on the day or -1.83% during that session. The GOGL stock price is -9.85% off its 52-week high price of $11.49 and 69.69% above the 52-week low of $3.17. The 3-month trading volume is 1.08 million shares. The consensus among analysts is that Golden Ocean Group Limited (GOGL) is an Overweight stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 8 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. Golden Ocean Group Limited (NASDAQ:GOGL) trade information  Sporting -1.83% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 07/02/21 when the GOGL stock price touched $10.46 or saw a rise of 6.36%. Year-to-date, Golden Ocean Group Limited shares have moved 125.92%, while the 5-day performance has seen it change -6.44%. Over the past 30 days, the shares of Golden Ocean Group Limited (NASDAQ:GOGL) have changed 6.63%. Wall Street analysts have a consensus price target for the stock at $11.95, which means that the shares value could jump 12.47% from current levels. The projected low price target is $5.30 while the price target rests at a high of $17.00. In that case, then, we find that the current price level is -62.52% off the targeted high while a plunge would see the stock lose 49.33% from current levels. Golden Ocean Group Limited (GOGL) estimates and forecasts  The companys shares have gained 125.92% over the past 6 months. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 33.30% over the past 5 years. Earnings growth for 2021 is a modest -471.00% while over the next 5 years, the companys earnings are expected to decrease by -0.20%. GOGL Dividends  Golden Ocean Group Limited is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the companys debt issue. The forward dividend is 1.00 at a share yield of 9.56%. The companys dividend yield has gone up over the past 12 months.