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After finishing at $43.26 in the prior trading day, Brookfield Infrastructure Corp (NYSE: BIPC) closed at $44.08, up 1.90%. In other words, the price has increased by $1.90 from its previous closing price. On the day, 0.54 million shares were traded. BIPC stock price reached its highest trading level at $44.21 during the session, while it also had its lowest trading level at $43.2294.
Ratios:
Our goal is to gain a better understanding of BIPC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 0.41.
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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BIPC now has a Market Capitalization of 5277542912 and an Enterprise Value of 21733492736. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59. Its current Enterprise Value per Revenue stands at 5.945 whereas that against EBITDA is 7.435.
Stock Price History:
The Beta on a monthly basis for BIPC is 1.34, which has changed by 0.096300006 over the last 52 weeks, in comparison to a change of 0.19226205 over the same period for the S&P500. Over the past 52 weeks, BIPC has reached a high of $47.71, while it has fallen to a 52-week low of $32.08. The 50-Day Moving Average of the stock is -2.98%, while the 200-Day Moving Average is calculated to be 6.23%.
Shares Statistics:
The stock has traded on average 583.61K shares per day over the past 3-months and 508630 shares per day over the last 10 days, according to various share statistics. A total of 119.07M shares are outstanding, with a floating share count of 118.90M. Insiders hold about 9.97% of the company’s shares, while institutions hold 63.61% stake in the company. Shares short for BIPC as of 1767139200 were 7052120 with a Short Ratio of 12.08, compared to 1764288000 on 7426225.
Dividends & Splits
In the trailing 12 months, BIPC’s forward annual dividend rate was 1.695, compared to 1.72 this year. Against a Trailing Annual Dividend Yield of 0.039181694. The stock’s 5-year Average Dividend Yield is 3.65.
