Stock Performance Spotlight: FTAI Infrastructure Inc (FIP) Ends the Day at 7.07, Down by -0.56

Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.

As of close of business last night, FTAI Infrastructure Inc’s stock clocked out at $7.07, down -0.56% from its previous closing price of $7.11. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 1.02 million shares were traded. FIP stock price reached its highest trading level at $7.155 during the session, while it also had its lowest trading level at $6.8.

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 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:

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 804177152 and an Enterprise Value of 2637816064. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.42 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 7.941 whereas that against EBITDA is 44.15.

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 $3.42. The 50-Day Moving Average of the stock is -15.80%, while the 200-Day Moving Average is calculated to be -15.67%.

Shares Statistics:

It appears that FIP traded 1.15M shares on average per day over the past three months and 973280 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 4.19% of the company’s shares, while institutions hold 79.68% stake in the company. Shares short for FIP as of 1734048000 were 7193861 with a Short Ratio of 6.27, compared to 1731628800 on 6645901. Therefore, it implies a Short% of Shares Outstanding of 7193861 and a Short% of Float of 7.17.

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 0.016877636

Most Popular