On Tuesday, FTAI Infrastructure Inc (NASDAQ: FIP) opened higher 3.84% from the last session, before settling in for the closing price of $8.33. Price fluctuations for FIP have ranged from $3.19 to $10.45 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 36.37% over the past five years. Company’s average yearly earnings per share was noted -4.28% at the time writing. With a float of $102.19 million, this company’s outstanding shares have now reached $105.04 million.
Let’s look at the performance matrix of the company that is accounted for 700 employees. In terms of profitability, gross margin is 23.03%, operating margin of 1.54%, and the pretax margin is -54.01%.
FTAI Infrastructure Inc (FIP) Insider and Institutional Ownership
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 85.71%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.47 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.37) by -0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.28% 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 1.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.98, a number that is poised to hit -0.36 in the next quarter and is forecasted to reach -0.86 in one year’s time.
Technical Analysis of FTAI Infrastructure Inc (FIP)
FTAI Infrastructure Inc (NASDAQ: FIP) saw its 5-day average volume 1.43 million, a positive change from its year-to-date volume of 1.17 million. As of the previous 9 days, the stock’s Stochastic %D was 33.26%. Additionally, its Average True Range was 0.41.
During the past 100 days, FTAI Infrastructure Inc’s (FIP) raw stochastic average was set at 34.24%, which indicates a significant decrease from 41.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.08% in the past 14 days, which was lower than the 48.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.02, while its 200-day Moving Average is $7.70. Nevertheless, the first resistance level for the watch stands at $8.84 in the near term. At $9.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.27. If the price goes on to break the first support level at $8.41, it is likely to go to the next support level at $8.18. The third support level lies at $7.98 if the price breaches the second support level.
FTAI Infrastructure Inc (NASDAQ: FIP) Key Stats
There are currently 113,745K shares outstanding in the company with a market cap of 983.90 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 83,310 K and its income totaled -32,990 K.
