Flex Lng Ltd [FLNG] stock prices are down -1.65% to $21.40 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FLNG shares have lost -0.65% over the last week, with a monthly amount drifted -1.52%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Flex Lng Ltd [NYSE: FLNG] stock has seen the most recent analyst activity on August 14, 2024, when Jefferies upgraded its rating to a Hold but kept the price target unchanged to $24 for it. Previously, Jefferies downgraded its rating to Underperform on February 27, 2024, and dropped its price target to $23. On February 16, 2023, downgrade downgraded it’s rating to Hold. Jefferies started tracking the stock assigning a Hold rating and suggested a price target of $26 on July 21, 2022.
The stock price of Flex Lng Ltd [FLNG] has been fluctuating between $19.46 and $30.48 over the past year. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Flex Lng Ltd [NYSE: FLNG] shares were valued at $21.40 at the most recent close of the market. An investor can expect a potential return of 12.15% based on the average FLNG price forecast.
Analyzing the FLNG fundamentals
The Flex Lng Ltd [NYSE:FLNG] reported sales of 356.35M for trailing twelve months, representing a drop of -6.48%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.56%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.14 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.24.
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 21.01 points at the first support level, and at 20.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.66, and for the 2nd resistance point, it is at 21.93.
Ratios To Look Out For
It’s worth pointing out that Flex Lng Ltd [NYSE:FLNG]’s Current Ratio is 2.99. In addition, the Quick Ratio stands at 2.96 and the Cash Ratio stands at 2.75. Considering the valuation of this stock, the price to sales ratio is 3.19, the price to book ratio is 1.43 and price to earnings (TTM) ratio is 9.82.
