Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $6.48 in the prior trading day, FTAI Infrastructure Inc (NASDAQ: FIP) closed at $6.35, down -2.01%. In other words, the price has decreased by -$2.01 from its previous closing price. On the day, 0.85 million shares were traded.
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 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:
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.17 while its Price-to-Book (P/B) ratio in mrq is 1.95.
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 $4.17. The 50-Day Moving Average of the stock is -13.47%, while the 200-Day Moving Average is calculated to be -25.04%.
Shares Statistics:
A total of 113.75M shares are outstanding, with a floating share count of 112.60M. Insiders hold about 1.01% of the company’s shares, while institutions hold 84.16% stake in the company.
