On Monday, FTAI Infrastructure Inc (NASDAQ: FIP) opened lower -3.17% from the last session, before settling in for the closing price of $9.14. Price fluctuations for FIP have ranged from $3.01 to $10.45 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 36.37%. Company’s average yearly earnings per share was noted -0.37% at the time writing. With a float of $102.19 million, this company’s outstanding shares have now reached $105.04 million.
Considering the fact that the conglomerate employs 700 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 22.99%, operating margin of -0.96%, and the pretax margin is -56.56%.
FTAI Infrastructure Inc (FIP) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Conglomerates industry is another important factor to consider. The insider ownership of FTAI Infrastructure Inc is 2.72%, while institutional ownership is 85.73%. The most recent insider transaction that took place on Aug 09 ’24, was worth 30,731,489. In this transaction 10% Owner of this company sold 3,399,501 shares at a rate of $9.04, taking the stock ownership to the 8,418,561 shares.
FTAI Infrastructure Inc (FIP) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.55 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.21) by -0.34. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.37% per share during the next fiscal year.
FTAI Infrastructure Inc (NASDAQ: FIP) Trading Performance Indicators
Check out the current performance indicators for FTAI Infrastructure Inc (FIP). In the past quarter, the stock posted a quick ratio of 2.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.07, a number that is poised to hit -0.40 in the next quarter and is forecasted to reach -0.82 in one year’s time.
Technical Analysis of FTAI Infrastructure Inc (FIP)
Compared to the last year’s volume of 1.17 million, its volume of 0.88 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 8.69%. Additionally, its Average True Range was 0.40.
During the past 100 days, FTAI Infrastructure Inc’s (FIP) raw stochastic average was set at 49.05%, which indicates a significant increase from 9.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.71% in the past 14 days, which was lower than the 50.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.15, while its 200-day Moving Average is $7.43. Nevertheless, the first resistance level for the watch stands at $9.10 in the near term. At $9.36, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.49. If the price goes on to break the first support level at $8.71, it is likely to go to the next support level at $8.58. Now, if the price goes above the second support level, the third support stands at $8.32.
FTAI Infrastructure Inc (NASDAQ: FIP) Key Stats
There are currently 101,694K shares outstanding in the company with a market cap of 929.60 million. Presently, the company’s annual sales total 320,470 K according to its annual income of -121,340 K. Last quarter, the company’s sales amounted to 84,890 K and its income totaled -36,740 K.
