Investing in FLEX LNG Ltd. (FLNG) is a safe bet with a significant edge

In the latest session, FLEX LNG Ltd. (NYSE: FLNG) closed at $31.46 down -0.60% from its previous closing price of $31.65. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 539614 shares were traded. FLNG stock price reached its highest trading level at $31.74 during the session, while it also had its lowest trading level at $30.35.

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

Upgrades & Downgrades

On July 21, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $26.

Valuation Measures:

As of this moment, FLEX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.85 while its Price-to-Book (P/B) ratio in mrq is 1.86.

Stock Price History:

Over the past 52 weeks, FLNG has reached a high of $37.97, while it has fallen to a 52-week low of $20.42. The 50-Day Moving Average of the stock is 32.52, while the 200-Day Moving Average is calculated to be 31.95.

Shares Statistics:

For the past three months, FLNG has traded an average of 482.64K shares per day and 413.79k over the past ten days. A total of 53.68M shares are outstanding, with a floating share count of 29.48M. Insiders hold about 45.66% of the company’s shares, while institutions hold 21.51% stake in the company. Shares short for FLNG as of Jan 12, 2023 were 1.3M with a Short Ratio of 1.77M, compared to 1.32M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.42% and a Short% of Float of 4.50%.

Dividends & Splits

According to the company, the forward annual dividend rate for FLNG is 3.00, from 1.85 in the trailing year. Against a Trailing Annual Dividend Yield of 5.85%, it implies a Forward Annual Dividend Yield of 9.58%.