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The price of Flex Lng Ltd (NYSE: FLNG) closed at $22.77 in the last session, down -0.78% from day before closing price of $22.95. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 0.7 million shares were traded.
Ratios:
We take a closer look at FLNG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.67. For the most recent quarter (mrq), Quick Ratio is recorded 2.96 and its Current Ratio is at 2.99. In the meantime, Its Debt-to-Equity ratio is 2.24 whereas as Long-Term Debt/Eq ratio is at 2.11.
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:
As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.45, and their Forward P/E ratio for the next fiscal year is 10.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.38 while its Price-to-Book (P/B) ratio in mrq is 1.53.
Stock Price History:
Over the past 52 weeks, FLNG has reached a high of $30.48, while it has fallen to a 52-week low of $20.85. The 50-Day Moving Average of the stock is -5.60%, while the 200-Day Moving Average is calculated to be -11.53%.
Shares Statistics:
A total of 54.09M shares are outstanding, with a floating share count of 30.38M. Insiders hold about 43.61% of the company’s shares, while institutions hold 23.14% stake in the company.
