After finishing at $24.87 in the prior trading day, Flex Lng Ltd (NYSE: FLNG) closed at $24.37, down -2.01%. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 672294 shares were traded.
Ratios:
Our goal is to gain a better understanding of FLNG 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 3.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.90. For the most recent quarter (mrq), Quick Ratio is recorded 2.86 and its Current Ratio is at 2.89. In the meantime, Its Debt-to-Equity ratio is 2.14 whereas as Long-Term Debt/Eq ratio is at 2.02.
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 the company, Jefferies on Feb-28-24, Downgraded its rating to Underperform and sets its target price to $23 from $32 previously.
On July 21, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $26.Jefferies initiated its Hold rating on July 21, 2022, with a $26 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, FLNG now has a Market Capitalization of 1.30B and an Enterprise Value of 2.70B. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.95, and their Forward P/E ratio for the next fiscal year is 9.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.53 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 7.28 whereas that against EBITDA is 8.94.
Stock Price History:
Over the past 52 weeks, FLNG has reached a high of $35.72, while it has fallen to a 52-week low of $24.64. The 50-Day Moving Average of the stock is 28.87, while the 200-Day Moving Average is calculated to be 30.17.
Shares Statistics:
The stock has traded on average 373.28K shares per day over the past 3-months and 454.48k shares per day over the last 10 days, according to various share statistics. A total of 53.74M shares are outstanding, with a floating share count of 30.20M. Insiders hold about 43.75% of the company’s shares, while institutions hold 21.57% stake in the company. Shares short for FLNG as of Jan 31, 2024 were 1.67M with a Short Ratio of 4.48, compared to 1.52M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.11% and a Short% of Float of 5.66%.
Dividends & Splits
In the trailing 12 months, FLNG’s forward annual dividend rate was 3.00, compared to 3.00 this year. Against a Trailing Annual Dividend Yield of 12.06%, it implies a Forward Annual Dividend Yield of 12.31%.
