Markets.com Logo

GOGL

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    8.2914$
  • Previous Close
    8.0324$
  • 52 Week Change
    6.47$
  • Day Range
    0.26$
  • 52 Week High/Low
    6.2293$ - 12.698$
  • Dividend Per Share
    0.1003
  • Market cap
    1 591 M$
  • EPS
    -0.22
  • Beta
    1.128
  • Volume
    --

About

GOGL.US represents the common stock of Golden Ocean Group Limited, a major dry bulk shipping company incorporated in Bermuda and headquartered in Oslo, Norway. Golden Ocean owns and operates a fleet of large-capacity vessels, primarily Capesize, Panamax, and Ultramax ships, which transport bulk commodities like iron ore, coal, grains, and fertilizers worldwide. The company's performance and stock price are heavily influenced by the Baltic Dry Index (BDI), which reflects global shipping rates, as well as broader macroeconomic factors affecting global trade and commodity demand. Investors in GOGL.US are essentially betting on the strength and future growth of the dry bulk shipping market.

Gold's Safe-Haven Status Under Scrutiny: Market Dynamics and Price Outlook

Emma Rose|--

Trump's Iran War Exit Without a Deal: Reshaping Middle East Energy Security and Power Dynamics

Emma Rose|--
European market insights: What is the European stock market doing right now?

European market insights: What is the European stock market doing right now?

Ghko B|--
EUR/USD Analysis Today: EUR/USD Gains to 1.1550 as Middle East Uncertainty Lingers

EUR/USD Analysis Today: EUR/USD Gains to 1.1550 as Middle East Uncertainty Lingers

Ghko B|--

Microsoft at a Crossroads: AI Hurdles and Cloud Resilience Amidst Market Volatility

Sophia Claire|--

Iran's Hormuz Gambit: Leveraging a Chokepoint for Economic Leverage and Global Impact

Ava Grace|--

Gold Market Resilience: Navigating Sell-offs and Sustaining Bull Run

Noah Lee|--

Factors

Please provide at least 3 factors. Global economic conditions: Increased global trade usually leads to higher demand for dry bulk shipping, positively affecting GOGL's stock price. Conversely, economic slowdowns can reduce demand, negatively impacting the price.

Dry bulk shipping rates: GOGL's revenue is directly linked to rates for transporting commodities like iron ore and coal. Higher rates mean greater profitability, potentially increasing stock value, while lower rates reduce profitability and decrease the price.

Fleet size and efficiency: GOGL's operational performance, including the size and efficiency of its fleet, affects profitability. A larger, more efficient fleet can handle more shipments and reduce costs, boosting profits and potentially increasing the stock price. Conversely, an older, less efficient fleet may reduce profits and decrease the price.

People Also Watch

Latest news

US Steel and Aluminum Tariffs Revamped: Simplification Amidst Potential Cost Increases

Noah Lee|--

SpaceX Files Secret IPO Bid, Eyeing Record-Breaking $1.75 Trillion Valuation

Ava Grace|--

US Intelligence: Iran Unwilling to Engage in Substantive Talks to End War

Sophia Claire|--

Latest Education Articles

What Is Sensex in Stock Market: Meaning, Calculation, and Why It Matters for Investors

What Is Sensex in Stock Market: Meaning, Calculation, and Why It Matters for Investors

Ghko B|--
Investing basics for beginners: What are the 4 economic indicators?

Investing basics for beginners: What are the 4 economic indicators?

Frances Wang|--
CFDs vs Options: What’s the Difference?

CFDs vs Options: What’s the Difference?

Julian Parker|--