XPLR Infrastructure LP (NYSE:XIFR) price on Thursday, February 27, fall -2.96% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.84.
A look at the stock’s price movement, the close in the last trading session was $9.11. Turning to its 52-week performance, $35.15 and $7.97 were the 52-week high and 52-week low respectively. Overall, XIFR moved -25.27% over the past month.
XPLR Infrastructure LP’s market cap currently stands at around $826.85 million, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 2.71, with its dividend yield at 30.71%. 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 303.58M for the company’s revenue for the quarter, with a low and high estimate of 284.3M and 326.16M respectively. The average forecast suggests up to a 18.12% 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 1.38B, representing a 12.12% 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 XIFR 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.
XIFR’s current price about -2.95% and -36.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.34, while 7-day volatility ratio is 3.92% and 5.92% in the 30-day chart. Further, XPLR Infrastructure LP (XIFR) has a beta value of 1.08, and an average true range (ATR) of 0.65.
If we refocus on XPLR Infrastructure LP (NYSE:XIFR), historical trading data shows that trading volumes averaged 3.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 93.50 million shares.
The 3.03% of XPLR Infrastructure LP’s shares are in the hands of company insiders while institutional holders own 56.94% of the company’s shares. Current price change has pushed the stock -50.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XIFR stock continues to rise going into the next quarter.
