FTAI Infrastructure Inc (NASDAQ:FIP) shares, rose in value on Thursday, February 13, with the stock price down by -4.46% to the previous day’s close as strong demand from buyers drove the stock to $6.43.
Actively observing the price movement in the last trading, the stock closed the session at $6.73. Referring to stock’s 52-week performance, its high was $10.45, and the low was $4.15. On the whole, FIP has fluctuated by -19.73% over the past month.
With the market capitalization of FTAI Infrastructure Inc currently standing at about $731.38 million, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 1.87%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 345.63M, with a low estimate of 89.8M and a high estimate of 103M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 94.83M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FIP’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of FIP currently trading nearly -7.47% and -13.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.67, while the 7-day volatility ratio is showing 4.23% which for the 30-day chart, stands at 5.91%. Furthermore, FTAI Infrastructure Inc (FIP)’s beta value is 1.64, and its average true range (ATR) is 0.37.
A comparison of FTAI Infrastructure Inc (FIP) with its peers suggests the former has fared considerably weaker in the market. FIP showed an intraday change of -4.46% in last session, and over the past year, it grew by 41.94%%.
Data on historical trading for FTAI Infrastructure Inc (NASDAQ:FIP) indicates that the trading volumes over the past 3 months, they’ve averaged 1.04 million. According to company’s latest data on outstanding shares, there are 113.75 million shares outstanding.
Nearly 4.22% of FTAI Infrastructure Inc’s shares belong to company insiders and institutional investors own 80.84% of the company’s shares. The stock has fallen by -11.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FIP stock heading into the next quarter.
