On Tuesday, Flex Lng Ltd (NYSE: FLNG) opened lower -4.19% from the last session, before settling in for the closing price of $24.84. Price fluctuations for FLNG have ranged from $20.85 to $30.48 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 29.98% annually for the last half of the decade. Company’s average yearly earnings per share was noted -17.42% at the time writing. With a float of $30.36 million, this company’s outstanding shares have now reached $54.09 million.
In an organization with 10 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 59.25%, operating margin of 56.7%, and the pretax margin is 25.35%.
Flex Lng Ltd (FLNG) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas Midstream industry is another important factor to consider. The insider ownership of Flex Lng Ltd is 43.64%, while institutional ownership is 23.14%.
Flex Lng Ltd (FLNG) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -17.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.51% during the next five years compared to 47.37% growth over the previous five years of trading.
Flex Lng Ltd (NYSE: FLNG) Trading Performance Indicators
Check out the current performance indicators for Flex Lng Ltd (FLNG). In the past quarter, the stock posted a quick ratio of 2.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.53. Likewise, its price to free cash flow for the trailing twelve months is 6.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.18, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 2.14 in one year’s time.
Technical Analysis of Flex Lng Ltd (FLNG)
Let’s dig in a bit further. During the last 5-days, its volume was 0.46 million. That was better than the volume of 0.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.57%. Additionally, its Average True Range was 0.66.
During the past 100 days, Flex Lng Ltd’s (FLNG) raw stochastic average was set at 48.28%, which indicates a significant increase from 2.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.24% in the past 14 days, which was lower than the 32.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.03, while its 200-day Moving Average is $25.84. However, in the short run, Flex Lng Ltd’s stock first resistance to watch stands at $24.39. Second resistance stands at $24.98. The third major resistance level sits at $25.31. If the price goes on to break the first support level at $23.47, it is likely to go to the next support level at $23.14. Assuming the price breaks the second support level, the third support level stands at $22.55.
Flex Lng Ltd (NYSE: FLNG) Key Stats
There are currently 53,871K shares outstanding in the company with a market cap of 1.26 billion. Presently, the company’s annual sales total 356,350 K according to its annual income of 117,680 K. Last quarter, the company’s sales amounted to 90,930 K and its income totaled 45,220 K.
