At the time of writing, Golar Lng [GLNG] stock is trading at $35.98, up 3.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GLNG shares have gain 3.15% over the last week, with a monthly amount drifted -2.84%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wolfe Research downgraded its rating to Peer Perform on August 16, 2023. On September 29, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $29 on the stock. BofA Securities upgraded its rating to a Neutral and raised its price target to $19.50 on March 03, 2022. BofA Securities downgraded its rating to Underperform for this stock on April 13, 2021.
For the past year, the stock price of Golar Lng fluctuated between $19.94 and $39.40. Currently, Wall Street analysts expect the stock to reach $49.63 within the next 12 months. Golar Lng [NASDAQ: GLNG] shares were valued at $35.98 at the most recent close of the market. An investor can expect a potential return of 37.94% based on the average GLNG price forecast.
Analyzing the GLNG fundamentals
According to Golar Lng [NASDAQ:GLNG], the company’s sales were 274.13M for trailing twelve months, which represents an -3.64% plunge. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.75%, Pretax Profit Margin comes in at 0.68%, and Net Profit Margin reading is 0.51%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
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 35.01 points at the first support level, and at 34.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.49, and for the 2nd resistance point, it is at 37.00.
Ratios To Look Out For
It is important to note that Golar Lng [NASDAQ:GLNG] has a current ratio of 1.55. Further, the Quick Ratio stands at 1.55, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 13.72, the price to book ratio is 1.85 and price to earnings (TTM) ratio is 33.93.
