A share price of Flex Lng Ltd [FLNG] is currently trading at $24.40, down -0.69%. 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 gain 2.87% over the last week, with a monthly amount drifted -1.89%, 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.
Flex Lng Ltd experienced fluctuations in its stock price throughout the past year between $19.46 and $28.27. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Flex Lng Ltd [NYSE: FLNG] shares were valued at $24.40 at the most recent close of the market. An investor can expect a potential drop of -1.64% based on the average FLNG price forecast.
Analyzing the FLNG fundamentals
Trailing Twelve Months sales for Flex Lng Ltd [NYSE:FLNG] were 354.55M which represents -1.99% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.24.
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 24.13 points at the first support level, and at 23.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.66, and for the 2nd resistance point, it is at 24.92.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Flex Lng Ltd [NYSE:FLNG] is 2.77. In addition, the Quick Ratio stands at 2.74 and the Cash Ratio stands at 2.75. Considering the valuation of this stock, the price to sales ratio is 3.65, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 12.77.
Transactions by insiders
Recent insider trading involved Sakmar Susan, Director, that happened on Apr 17 ’25 when 10338.0 shares were purchased.
