FTAI Infrastructure Inc (NASDAQ: FIP) kicked off on Tuesday, down -0.25% from the previous trading day, before settling in for the closing price of $8.00. Over the past 52 weeks, FIP has traded in a range of $3.42-$10.45.
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A company in the Industrials sector has jumped its sales by 36.37% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -4.84%. With a float of $108.97 million, this company’s outstanding shares have now reached $113.75 million.
In an organization with 700 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 23.03%, operating margin of -6.08%, and the pretax margin is -54.01%.
FTAI Infrastructure Inc (FIP) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Conglomerates Industry. The insider ownership of FTAI Infrastructure Inc is 4.19%, while institutional ownership is 79.68%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.84% per share during the next fiscal year.
FTAI Infrastructure Inc (NASDAQ: FIP) Trading Performance Indicators
Take a look at FTAI Infrastructure Inc’s (FIP) current performance indicators. Last quarter, stock had a quick ratio of 1.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.98, a number that is poised to hit -0.37 in the next quarter and is forecasted to reach -0.68 in one year’s time.
Technical Analysis of FTAI Infrastructure Inc (FIP)
Let’s dig in a bit further. During the last 5-days, its volume was 0.99 million. That was inferior than the volume of 1.19 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.04%. Additionally, its Average True Range was 0.39.
During the past 100 days, FTAI Infrastructure Inc’s (FIP) raw stochastic average was set at 16.24%, which indicates a significant decrease from 32.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.37% in the past 14 days, which was lower than the 48.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.75, while its 200-day Moving Average is $8.31. However, in the short run, FTAI Infrastructure Inc’s stock first resistance to watch stands at $8.15. Second resistance stands at $8.33. The third major resistance level sits at $8.65. If the price goes on to break the first support level at $7.65, it is likely to go to the next support level at $7.33. The third support level lies at $7.15 if the price breaches the second support level.
FTAI Infrastructure Inc (NASDAQ: FIP) Key Stats
The company with the Market Capitalisation of 907.69 million has total of 113,745K Shares Outstanding. Its annual sales at the moment are 320,470 K in contrast with the sum of -121,340 K annual income. Company’s last quarter sales were recorded 83,310 K and last quarter income was -32,990 K.
