Brookfield Infrastructure Corporation (NYSE:BIPC) is a stock that investors should take a bite out of.

After finishing at $43.09 in the prior trading day, Brookfield Infrastructure Corporation (NYSE: BIPC) closed at $44.91, up 4.22%. In other words, the price has increased by $+1.82 from its previous closing price. On the day, 595695 shares were traded. BIPC stock price reached its highest trading level at $44.91 during the session, while it also had its lowest trading level at $42.88.

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Our goal is to gain a better understanding of BIPC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.77. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 0.20.

Upgrades & Downgrades

On May 27, 2020, BofA/Merrill started tracking the stock assigning a Buy rating and target price of $53.BofA/Merrill initiated its Buy rating on May 27, 2020, with a $53 target price.

Valuation Measures:

As of this moment, Brookfield’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.63.

Stock Price History:

Over the past 52 weeks, BIPC has reached a high of $53.64, while it has fallen to a 52-week low of $37.54. The 50-Day Moving Average of the stock is 43.02, while the 200-Day Moving Average is calculated to be 44.98.

Shares Statistics:

The stock has traded on average 318.87K shares per day over the past 3-months and 298.14k shares per day over the last 10 days, according to various share statistics. A total of 110.54M shares are outstanding, with a floating share count of 110.53M. Shares short for BIPC as of Oct 13, 2022 were 2.71M with a Short Ratio of 2.64M, compared to 2.61M on Sep 14, 2022.

Dividends & Splits

In the trailing 12 months, BIPC’s forward annual dividend rate was 2.02, compared to 1.44 this year. Against a Trailing Annual Dividend Yield of 4.68%, it implies a Forward Annual Dividend Yield of 3.29%.