Golar Lng (NASDAQ:GLNG) shares, rose in value on Wednesday, May 07, with the stock price down by -2.70% to the previous day’s close as strong demand from buyers drove the stock to $38.99.
Actively observing the price movement in the last trading, the stock closed the session at $40.07. The PE ratio was 36.77 over 12-month period. Referring to stock’s 52-week performance, its high was $44.36, and the low was $24.94. On the whole, GLNG has fluctuated by 20.27% over the past month.
With the market capitalization of Golar Lng currently standing at about $4.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 2.56%.
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 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of GLNG currently trading nearly 0.31% and 5.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.87, while the 7-day volatility ratio is showing 5.27% which for the 30-day chart, stands at 5.36%. Furthermore, Golar Lng (GLNG)’s beta value is 0.60, and its average true range (ATR) is 1.93.
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 -2.70% in last session, and over the past year, it grew by 56.46%%.
Data on historical trading for Golar Lng (NASDAQ:GLNG) indicates that the trading volumes over the past 3 months, they’ve averaged 1.87 million. According to company’s latest data on outstanding shares, there are 104.50 million shares outstanding.
Nearly 16.19% of Golar Lng’s shares belong to company insiders and institutional investors own 69.94% of the company’s shares. The stock has fallen by -7.87% 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.
