As of close of business last night, Brookfield Infrastructure Corp’s stock clocked out at $33.41, down -0.77% from its previous closing price of $33.67. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 558403 shares were traded.
Ratios:
To gain a deeper understanding of BIPC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.37. For the most recent quarter (mrq), Quick Ratio is recorded 0.44 and its Current Ratio is at 0.44.
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 4.40B and an Enterprise Value of 15.92B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91. Its current Enterprise Value per Revenue stands at 6.36 whereas that against EBITDA is 7.82.
Stock Price History:
Over the past 52 weeks, BIPC has reached a high of $48.23, while it has fallen to a 52-week low of $25.48. The 50-Day Moving Average of the stock is 34.86, while the 200-Day Moving Average is calculated to be 36.32.
Shares Statistics:
It appears that BIPC traded 511.34K shares on average per day over the past three months and 560.97k shares per day over the past ten days. A total of 131.87M shares are outstanding, with a floating share count of 131.86M. Insiders hold about 7.78% of the company’s shares, while institutions hold 68.08% stake in the company. Shares short for BIPC as of Mar 15, 2024 were 5.48M with a Short Ratio of 10.72, compared to 5.85M on Feb 15, 2024.
Dividends & Splits
With its trailing 12-month dividend rate of 1.53, BIPC has a forward annual dividend rate of 1.55. Against a Trailing Annual Dividend Yield of 4.54%, it implies a Forward Annual Dividend Yield of 4.60%.
