The market has been down on Golden Ocean Group Ltd (GOGL) stock recently. GOGL gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Golden Ocean Group Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GOGL!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With GOGL Stock Today?
Golden Ocean Group Ltd (GOGL) stock is higher by 0.56% while the S&P 500 is lower by -1.82% as of 10:19 AM on Thursday, Jun 30. GOGL is higher by $0.06 from the previous closing price of $11.51 on volume of 904,760 shares. Over the past year the S&P 500 is lower by -12.64% while GOGL is higher by 7.82%. GOGL earned $3.13 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 3.69.
To see InvestorsObserver's Sentiment Score for Golden Ocean Group Ltd click here.
More About Golden Ocean Group Ltd
Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.
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