FTAI Infrastructure Inc (NASDAQ:FIP) price on current trading day, rose 3.16% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.87.
A look at the stock’s price movement, the level at last check in today’s session was $5.69. Turning to its 52-week performance, $10.45 and $4.28 were the 52-week high and 52-week low respectively. Overall, FIP moved -16.26% over the past month.
FTAI Infrastructure Inc’s market cap currently stands at around $667.68 million, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.12, with its dividend yield at 2.04%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 101.6M for the company’s revenue for the quarter, with a low and high estimate of 95.5M and 110M respectively. The average forecast suggests up to a 23.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 440.6M, representing a 32.91% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FIP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend FIP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FIP’s current price about -8.14% and -15.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.35, while 7-day volatility ratio is 7.80% and 5.01% in the 30-day chart. Further, FTAI Infrastructure Inc (FIP) has a beta value of 1.73, and an average true range (ATR) of 0.37. Analysts have given the company’s stock an average 52-week price target of $12, forecast between a low of $10 and high of $13. Looking at the price targets, the low is -70.36% off recent price level in today’s trading while to achieve the yearly target high, it has to move -121.47%. Nonetheless, investors will most likely welcome a -104.43% jump to $12 which is the analysts’ median price.
If we refocus on FTAI Infrastructure Inc (NASDAQ:FIP), historical trading data shows that trading volumes averaged 1.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 113.75 million shares.
The 0.99% of FTAI Infrastructure Inc’s shares are in the hands of company insiders while institutional holders own 84.22% of the company’s shares. Current price change has pushed the stock -19.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FIP stock continues to rise going into the next quarter.
