Golar Lng [GLNG] stock is trading at $41.24, up 11.70%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GLNG shares have gain 19.74% over the last week, with a monthly amount glided 9.83%, and 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.
Golar Lng [GLNG] stock has fluctuated between $19.94 and $39.40 over the past year. Currently, Wall Street analysts expect the stock to reach $49.63 within the next 12 months. Golar Lng [NASDAQ: GLNG] shares were valued at $41.24 at the most recent close of the market. An investor can expect a potential return of 20.34% based on the average GLNG price forecast.
Analyzing the GLNG fundamentals
Golar Lng [NASDAQ:GLNG] reported sales of 274.13M for the trailing twelve months, which represents a drop of -3.64%. 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 39.42 points at the first support level, and at 37.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.30, and for the 2nd resistance point, it is at 43.36.
Ratios To Look Out For
For context, Golar Lng’s Current Ratio is 1.55. As well, the Quick Ratio is 1.55, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 15.76, the price to book ratio is 2.12 and price to earnings (TTM) ratio is 38.89.
