Insider’s View: Deciphering Golar Lng (GLNG)’s Financial Health Through Ratios

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The price of Golar Lng (NASDAQ: GLNG) closed at $34.30 in the last session, up 1.39% from day before closing price of $33.83. In other words, the price has increased by $1.39 from its previous closing price. On the day, 1.12 million shares were traded. GLNG stock price reached its highest trading level at $34.31 during the session, while it also had its lowest trading level at $33.4801.

Ratios:

We take a closer look at GLNG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.41.

BofA Securities Upgraded its Neutral to Buy on September 29, 2022, whereas the target price for the stock was revised from $23 to $29.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GLNG now has a Market Capitalization of 3586648064 and an Enterprise Value of 4779982336. As of this moment, Golar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.34, and their Forward P/E ratio for the next fiscal year is 16.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.39 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 16.516 whereas that against EBITDA is 28.501.

Stock Price History:

The Beta on a monthly basis for GLNG is 0.64, which has changed by 0.4527743 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, GLNG has reached a high of $34.19, while it has fallen to a 52-week low of $19.94. The 50-Day Moving Average of the stock is 23.88%, while the 200-Day Moving Average is calculated to be 43.02%.

Shares Statistics:

According to the various share statistics, GLNG traded on average about 1.17M shares per day over the past 3-months and 1522610 shares per day over the past 10 days. A total of 104.58M shares are outstanding, with a floating share count of 93.22M. Insiders hold about 10.85% of the company’s shares, while institutions hold 78.17% stake in the company. Shares short for GLNG as of 1718323200 were 4644555 with a Short Ratio of 3.97, compared to 1715731200 on 3670200. Therefore, it implies a Short% of Shares Outstanding of 4644555 and a Short% of Float of 4.7399998.

Dividends & Splits

The forward annual dividend rate for GLNG is 1.00, which was 1.0 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.02955956The stock’s 5-year Average Dividend Yield is 3.03.

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