On Monday, FTAI Infrastructure Inc (NASDAQ: FIP) opened lower -3.99% from the last session, before settling in for the closing price of $7.02. Price fluctuations for FIP have ranged from $4.15 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 -4.84% at the time writing. With a float of $108.97 million, this company’s outstanding shares have now reached $113.75 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 -6.08%, 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 4.20%, while institutional ownership is 79.73%. 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) 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
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 2.31.
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 -0.92 in one year’s time.
Technical Analysis of FTAI Infrastructure Inc (FIP)
FTAI Infrastructure Inc (NASDAQ: FIP) saw its 5-day average volume 0.75 million, a negative change from its year-to-date volume of 1.0 million. As of the previous 9 days, the stock’s Stochastic %D was 35.15%. Additionally, its Average True Range was 0.43.
During the past 100 days, FTAI Infrastructure Inc’s (FIP) raw stochastic average was set at 5.46%, which indicates a significant decrease from 10.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.68% in the past 14 days, which was higher than the 51.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.77, while its 200-day Moving Average is $8.50. Nevertheless, the first resistance level for the watch stands at $6.87 in the near term. At $7.00, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.11. If the price goes on to break the first support level at $6.64, it is likely to go to the next support level at $6.53. The third support level lies at $6.40 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 766.64 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.
