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The price of FTAI Infrastructure Inc (NASDAQ: FIP) closed at $8.67 in the last session, down -6.07% from day before closing price of $9.23. In other words, the price has decreased by -$6.07 from its previous closing price. On the day, 1.47 million shares were traded. FIP stock price reached its highest trading level at $9.38 during the session, while it also had its lowest trading level at $8.67.
Ratios:
We take a closer look at FIP’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 2.18 whereas as Long-Term Debt/Eq ratio is at 2.17.
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 this company, JMP Securities on June 26, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $11.
On April 18, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $10.
On September 21, 2022, Compass Point started tracking the stock assigning a Buy rating and target price of $7.Compass Point initiated its Buy rating on September 21, 2022, with a $7 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 09 ’24 when FIG Buyer GP, LLC sold 3,399,501 shares for $9.04 per share. The transaction valued at 30,731,489 led to the insider holds 8,418,561 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FIP now has a Market Capitalization of 986169152 and an Enterprise Value of 2819808256. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97 while its Price-to-Book (P/B) ratio in mrq is 2.66. Its current Enterprise Value per Revenue stands at 8.489 whereas that against EBITDA is 47.196.
Stock Price History:
Over the past 52 weeks, FIP has reached a high of $10.45, while it has fallen to a 52-week low of $3.27. The 50-Day Moving Average of the stock is -3.60%, while the 200-Day Moving Average is calculated to be 10.46%.
Shares Statistics:
According to the various share statistics, FIP traded on average about 1.31M shares per day over the past 3-months and 1814930 shares per day over the past 10 days. A total of 113.75M shares are outstanding, with a floating share count of 110.65M. Insiders hold about 2.72% of the company’s shares, while institutions hold 76.49% stake in the company. Shares short for FIP as of 1730332800 were 6472793 with a Short Ratio of 4.93, compared to 1727654400 on 7788235. Therefore, it implies a Short% of Shares Outstanding of 6472793 and a Short% of Float of 6.45.
Dividends & Splits
The forward annual dividend rate for FIP is 0.12, which was 0.12 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.013001083
