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In the latest session, Flex Lng Ltd (NYSE: FLNG) closed at $23.11 up 0.39% from its previous closing price of $23.02. In other words, the price has increased by $0.39 from its previous closing price. On the day, 0.53 million shares were traded. FLNG stock price reached its highest trading level at $23.36 during the session, while it also had its lowest trading level at $22.795.
Ratios:
For a deeper understanding of Flex Lng Ltd’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.47. For the most recent quarter (mrq), Quick Ratio is recorded 2.54 and its Current Ratio is at 2.57. In the meantime, Its Debt-to-Equity ratio is 2.14 whereas as Long-Term Debt/Eq ratio is at 2.01.
On February 27, 2024, Jefferies Downgraded its rating to Underperform which previously was Hold and also lowered its target price recommendation from $32 to $23.
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 1276365312 and an Enterprise Value of 2635589888. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.44, and their Forward P/E ratio for the next fiscal year is 9.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.33 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 7.186 whereas that against EBITDA is 9.655.
Stock Price History:
Over the past 52 weeks, FLNG has reached a high of $32.10, while it has fallen to a 52-week low of $23.02. The 50-Day Moving Average of the stock is -9.94%, while the 200-Day Moving Average is calculated to be -12.89%.
Shares Statistics:
For the past three months, FLNG has traded an average of 264.47K shares per day and 325860 over the past ten days. A total of 53.74M shares are outstanding, with a floating share count of 30.38M. Insiders hold about 43.61% of the company’s shares, while institutions hold 23.68% stake in the company. Shares short for FLNG as of 1728950400 were 2052576 with a Short Ratio of 7.76, compared to 1726185600 on 1888053. Therefore, it implies a Short% of Shares Outstanding of 2052576 and a Short% of Float of 6.7299999999999995.
Dividends & Splits
According to the company, the forward annual dividend rate for FLNG is 3.00, from 3.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.13032146
