Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $3.95 in the prior trading day, FTAI Infrastructure Inc (NASDAQ: FIP) closed at $3.73, down -5.69%. In other words, the price has decreased by -$5.69 from its previous closing price. On the day, 2.02 million shares were traded. FIP stock price reached its highest trading level at $3.85 during the session, while it also had its lowest trading level at $3.465.
Ratios:
Our goal is to gain a better understanding of FIP by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 425003648 and an Enterprise Value of 2318823168. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 2.10. Its current Enterprise Value per Revenue stands at 6.995 whereas that against EBITDA is 28.359.
Stock Price History:
The Beta on a monthly basis for FIP is 1.88, which has changed by -0.41627544 over the last 52 weeks, in comparison to a change of -0.024663687 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 $3.94. The 50-Day Moving Average of the stock is -34.68%, while the 200-Day Moving Average is calculated to be -53.41%.
Shares Statistics:
The stock has traded on average 1.17M shares per day over the past 3-months and 1243060 shares per day over the last 10 days, according to various share statistics. 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 84.04% stake in the company. Shares short for FIP as of 1741910400 were 13630412 with a Short Ratio of 11.60, compared to 1739491200 on 9943098. Therefore, it implies a Short% of Shares Outstanding of 13630412 and a Short% of Float of 13.55.
Dividends & Splits
In the trailing 12 months, FIP’s forward annual dividend rate was 0.12, compared to 0.12 this year. Against a Trailing Annual Dividend Yield of 0.03034134
