What shareholders can do to beat the market with FLEX LNG Ltd. (FLNG) stock

In the latest session, FLEX LNG Ltd. (NYSE: FLNG) closed at $35.57 up 3.25% from its previous closing price of $34.45. In other words, the price has increased by $+1.12 from its previous closing price. On the day, 792670 shares were traded. FLNG stock price reached its highest trading level at $36.05 during the session, while it also had its lowest trading level at $34.01.

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Ratios:

For a deeper understanding of FLEX LNG Ltd.’s stock, let’s take a closer look at its various ratios.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on July 21, 2022, initiated with a Hold rating and assigned the stock a target price of $26.

Valuation Measures:

As of this moment, FLEX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.20 while its Price-to-Book (P/B) ratio in mrq is 2.13.

Stock Price History:

Over the past 52 weeks, FLNG has reached a high of $36.44, while it has fallen to a 52-week low of $16.40. The 50-Day Moving Average of the stock is 32.06, while the 200-Day Moving Average is calculated to be 28.93.

Shares Statistics:

For the past three months, FLNG has traded an average of 635.88K shares per day and 832.05k over the past ten days. A total of 53.27M shares are outstanding, with a floating share count of 28.41M. Insiders hold about 47.19% of the company’s shares, while institutions hold 25.10% stake in the company. Shares short for FLNG as of Oct 13, 2022 were 961.1k with a Short Ratio of 1.19M, compared to 1.18M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.81% and a Short% of Float of 3.40%.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 5.37%, it implies a Forward Annual Dividend Yield of 8.71%.