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The closing price of FTAI Infrastructure Inc (NASDAQ: FIP) was $8.65 for the day, up 3.84% from the previous closing price of $8.33. In other words, the price has increased by $3.84 from its previous closing price. On the day, 1.07 million shares were traded. FIP stock price reached its highest trading level at $8.796 during the session, while it also had its lowest trading level at $8.37.
Ratios:
Our analysis of FIP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 2.18 whereas as Long-Term Debt/Eq ratio is at 2.17.
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, JMP Securities on June 26, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $11.
On April 18, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $10.
On September 21, 2022, Compass Point started tracking the stock assigning a Buy rating and target price of $7.Compass Point initiated its Buy rating on September 21, 2022, with a $7 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 09 ’24 when FIG Buyer GP, LLC sold 3,399,501 shares for $9.04 per share. The transaction valued at 30,731,489 led to the insider holds 8,418,561 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FIP now has a Market Capitalization of 983894208 and an Enterprise Value of 2817533184. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.96 while its Price-to-Book (P/B) ratio in mrq is 2.65. Its current Enterprise Value per Revenue stands at 8.482 whereas that against EBITDA is 47.158.
Stock Price History:
Over the past 52 weeks, FIP has reached a high of $10.45, while it has fallen to a 52-week low of $3.19. The 50-Day Moving Average of the stock is -4.10%, while the 200-Day Moving Average is calculated to be 12.28%.
Shares Statistics:
FIP traded an average of 1.28M shares per day over the past three months and 1068540 shares per day over the past ten days. A total of 105.04M shares are outstanding, with a floating share count of 102.19M. Insiders hold about 2.72% of the company’s shares, while institutions hold 85.71% stake in the company. Shares short for FIP as of 1728950400 were 6909514 with a Short Ratio of 5.41, compared to 1726185600 on 6864655. Therefore, it implies a Short% of Shares Outstanding of 6909514 and a Short% of Float of 6.88.
Dividends & Splits
With its trailing 12-month dividend rate of 0.12, FIP has a forward annual dividend rate of 0.12. Against a Trailing Annual Dividend Yield of 0.014405762
