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After finishing at $23.51 in the prior trading day, Flex Lng Ltd (NYSE: FLNG) closed at $22.64, down -3.70%. In other words, the price has decreased by -$3.70 from its previous closing price. On the day, 0.65 million shares were traded. FLNG stock price reached its highest trading level at $23.5857 during the session, while it also had its lowest trading level at $22.5723.
Ratios:
Our goal is to gain a better understanding of FLNG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.22. For the most recent quarter (mrq), Quick Ratio is recorded 2.18 and its Current Ratio is at 2.21. In the meantime, Its Debt-to-Equity ratio is 2.09 whereas as Long-Term Debt/Eq ratio is at 1.97.
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 1282254848 and an Enterprise Value of 2608456192. As of this moment, Flex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.31, and their Forward P/E ratio for the next fiscal year is 10.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.30 while its Price-to-Book (P/B) ratio in mrq is 1.53. Its current Enterprise Value per Revenue stands at 7.193 whereas that against EBITDA is 9.803.
Stock Price History:
Over the past 52 weeks, FLNG has reached a high of $31.41, while it has fallen to a 52-week low of $22.80. The 50-Day Moving Average of the stock is -9.85%, while the 200-Day Moving Average is calculated to be -13.52%.
Shares Statistics:
The stock has traded on average 307.40K shares per day over the past 3-months and 387970 shares per day over the last 10 days, according to various share 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 23.79% stake in the company. Shares short for FLNG as of 1731628800 were 2168910 with a Short Ratio of 6.68, compared to 1728950400 on 2052576. Therefore, it implies a Short% of Shares Outstanding of 2168910 and a Short% of Float of 7.1100004.
Dividends & Splits
In the trailing 12 months, FLNG’s forward annual dividend rate was 3.0, compared to 3.00 this year. Against a Trailing Annual Dividend Yield of 0.12760527
