At the time of writing, FTAI Infrastructure Inc [FIP] stock is trading at $9.59, up 6.56%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FIP shares have gain 15.13% over the last week, with a monthly amount drifted -0.10%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
FTAI Infrastructure Inc [NASDAQ: FIP] stock has seen the most recent analyst activity on June 26, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $11. Previously, BTIG Research started tracking the stock with Buy rating on April 18, 2024, and set its price target to $10. On September 21, 2022, Compass Point initiated with a Buy rating and assigned a price target of $7 on the stock.
For the past year, the stock price of FTAI Infrastructure Inc fluctuated between $3.27 and $10.45. Currently, Wall Street analysts expect the stock to reach $11.67 within the next 12 months. FTAI Infrastructure Inc [NASDAQ: FIP] shares were valued at $9.59 at the most recent close of the market. An investor can expect a potential return of 21.69% based on the average FIP price forecast.
Analyzing the FIP fundamentals
According to FTAI Infrastructure Inc [NASDAQ:FIP], the company’s sales were 332.17M for trailing twelve months, which represents an 3.23% jump. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.54%, and Net Profit Margin reading is -0.48%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.25 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.21 points at the first support level, and at 8.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.82, and for the 2nd resistance point, it is at 10.05.
Ratios To Look Out For
It is important to note that FTAI Infrastructure Inc [NASDAQ:FIP] has a current ratio of 1.39. Also, the Quick Ratio is 1.39, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 3.31, the price to book ratio is 2.94.
Transactions by insiders
Recent insider trading involved FIG Buyer GP, LLC, 10% Owner, that happened on Aug 09 ’24 when 3.4 million shares were sold.
