Golar Lng (NASDAQ:GLNG) shares, rose in value on Friday, November 22, with the stock price up by 0.16% to the previous day’s close as strong demand from buyers drove the stock to $36.92.
Actively observing the price movement in the last trading, the stock closed the session at $36.86, falling within a range of $36.54 and $37.09. The value of beta (5-year monthly) was 0.572 whereas the PE ratio was 34.81 over 12-month period. Referring to stock’s 52-week performance, its high was $39.40, and the low was $19.94. On the whole, GLNG has fluctuated by -1.57% over the past month.
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With the market capitalization of Golar Lng currently standing at about $3.86 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 2.71%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 261.59M, with a low estimate of 63.01M and a high estimate of 79.92M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 69.21M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GLNG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of GLNG currently trading nearly 1.54% and 0.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.31, while the 7-day volatility ratio is showing 3.16% which for the 30-day chart, stands at 3.10%. Furthermore, Golar Lng (GLNG)’s beta value is 0.58, and its average true range (ATR) is 1.16.
A comparison of Golar Lng (GLNG) with its peers suggests the former has fared considerably weaker in the market. GLNG showed an intraday change of 0.16% in last session, and over the past year, it grew by 72.52%%.
Data on historical trading for Golar Lng (NASDAQ:GLNG) indicates that the trading volumes over the past 10 days have averaged 1.34 and over the past 3 months, they’ve averaged 1.13 million. According to company’s latest data on outstanding shares, there are 104.58 million shares outstanding.
Nearly 10.85% of Golar Lng’s shares belong to company insiders and institutional investors own 71.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.29 million shares as on 2024-10-31, resulting in a short ratio of 5.58. According to the data, the short interest in Golar Lng (GLNG) stood at 543.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 4.39 million. The stock has risen by 60.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GLNG stock heading into the next quarter.
