Golar Lng (NASDAQ: GLNG) kicked off on Tuesday, up 2.53% from the previous trading day, before settling in for the closing price of $35.56. Over the past 52 weeks, GLNG has traded in a range of $19.94-$39.40.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Energy sector was -4.87%. While this was happening, its average annual earnings per share was recorded -41.83%. With a float of $93.22 million, this company’s outstanding shares have now reached $104.58 million.
Considering the fact that the conglomerate employs 470 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 41.52%, operating margin of 74.5%, and the pretax margin is 68.46%.
Golar Lng (GLNG) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Midstream Industry. The insider ownership of Golar Lng is 10.85%, while institutional ownership is 74.72%.
Golar Lng (GLNG) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.49 earnings per share (EPS), higher than consensus estimate (set at 0.45) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -41.83% per share during the next fiscal year.
Golar Lng (NASDAQ: GLNG) Trading Performance Indicators
Take a look at Golar Lng’s (GLNG) current performance indicators. Last quarter, stock had a quick ratio of 1.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.06, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 2.00 in one year’s time.
Technical Analysis of Golar Lng (GLNG)
Compared to the last year’s volume of 1.18 million, its volume of 0.89 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 12.24%. Additionally, its Average True Range was 0.96.
During the past 100 days, Golar Lng’s (GLNG) raw stochastic average was set at 75.94%, which indicates a significant increase from 25.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.25% in the past 14 days, which was lower than the 32.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.56, while its 200-day Moving Average is $29.13. Nevertheless, the first resistance level for the watch stands at $36.86 in the near term. At $37.25, the stock is likely to face the second major resistance level. The third major resistance level sits at $37.90. If the price goes on to break the first support level at $35.82, it is likely to go to the next support level at $35.17. Should the price break the second support level, the third support level stands at $34.78.
Golar Lng (NASDAQ: GLNG) Key Stats
The company with the Market Capitalisation of 3.81 billion has total of 104,578K Shares Outstanding. Its annual sales at the moment are 298,430 K in contrast with the sum of -46,790 K annual income. Company’s last quarter sales were recorded 64,690 K and last quarter income was 25,910 K.
