Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, FTAI Infrastructure Inc’s stock clocked out at $5.27, up 9.79% from its previous closing price of $4.80. In other words, the price has increased by $9.79 from its previous closing price. On the day, 1.29 million shares were traded. FIP stock price reached its highest trading level at $5.31 during the session, while it also had its lowest trading level at $4.8.
Ratios:
To gain a deeper understanding of FIP’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 0.86. In the meantime, Its Debt-to-Equity ratio is 2.84 whereas as Long-Term Debt/Eq ratio is at 2.74.
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:
Investing in insider trades can also provide an investor with insight into how management views future 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 600474368 and an Enterprise Value of 2494293504. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.81 while its Price-to-Book (P/B) ratio in mrq is 2.96. Its current Enterprise Value per Revenue stands at 7.524 whereas that against EBITDA is 44.323.
Stock Price History:
The Beta on a monthly basis for FIP is 1.79, which has changed by -0.1097973 over the last 52 weeks, in comparison to a change of 0.09589827 over the same period for the S&P500. Over the past 52 weeks, FIP has reached a high of $10.45, while it has fallen to a 52-week low of $4.73. The 50-Day Moving Average of the stock is -18.82%, while the 200-Day Moving Average is calculated to be -35.98%.
Shares Statistics:
It appears that FIP traded 1.14M shares on average per day over the past three months and 1469300 shares per day over the past ten days. A total of 113.93M shares are outstanding, with a floating share count of 112.82M. Insiders hold about 0.99% of the company’s shares, while institutions hold 84.05% stake in the company. Shares short for FIP as of 1740700800 were 12533178 with a Short Ratio of 10.96, compared to 1738281600 on 8706749. Therefore, it implies a Short% of Shares Outstanding of 12533178 and a Short% of Float of 12.46.
Dividends & Splits
With its trailing 12-month dividend rate of 0.12, FIP has a forward annual dividend rate of 0.15. Against a Trailing Annual Dividend Yield of 0.024999999
