Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of FTAI Infrastructure Inc (NASDAQ: FIP) was $6.74 for the day, down -3.99% from the previous closing price of $7.02. In other words, the price has decreased by -$3.99 from its previous closing price. On the day, 0.87 million shares were traded. FIP stock price reached its highest trading level at $6.9 during the session, while it also had its lowest trading level at $6.665.
Ratios:
Our analysis of FIP’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 766641280 and an Enterprise Value of 2600280064. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 2.07. Its current Enterprise Value per Revenue stands at 7.828 whereas that against EBITDA is 43.522.
Stock Price History:
The Beta on a monthly basis for FIP is 1.63, which has changed by 0.61379313 over the last 52 weeks, in comparison to a change of 0.21926713 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 $4.15. The 50-Day Moving Average of the stock is -13.23%, while the 200-Day Moving Average is calculated to be -20.68%.
Shares Statistics:
FIP traded an average of 1.20M shares per day over the past three months and 987220 shares per day over the past ten days. A total of 113.75M shares are outstanding, with a floating share count of 108.97M. Insiders hold about 4.20% of the company’s shares, while institutions hold 79.73% stake in the company. Shares short for FIP as of 1736899200 were 8078988 with a Short Ratio of 6.73, compared to 1734048000 on 7193861. Therefore, it implies a Short% of Shares Outstanding of 8078988 and a Short% of Float of 8.05.
Dividends & Splits
With its trailing 12-month dividend rate of 0.12, FIP has a forward annual dividend rate of 0.12. Against a Trailing Annual Dividend Yield of 0.017094016
