The Impact of Market Fluctuations on Golar Lng’s (GLNG) Stock

The stock of Golar Lng (GLNG) has seen a 6.80% increase in the past week, with a 22.48% gain in the past month, and a 7.86% flourish in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 2.37% for GLNG. The simple moving average for the past 20 days is 8.12% for GLNG’s stock, with a 11.67% simple moving average for the past 200 days.

Is It Worth Investing in Golar Lng (NASDAQ: GLNG) Right Now?

The stock has a 36-month beta value of 0.62. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 8 as “overweight,” 1 as “hold,” and 0 as “sell.”

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

The public float for GLNG is 97.81M, and at present, short sellers hold a 3.05% of that float. On April 04, 2024, the average trading volume of GLNG was 1.19M shares.

GLNG) stock’s latest price update

The stock of Golar Lng (NASDAQ: GLNG) has increased by 2.61 when compared to last closing price of 24.48. Despite this, the company has experienced a 6.80% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-11 that Golar LNG’s (GLNG) fourth-quarter 2023 revenues improve year over year.

Analysts’ Opinion of GLNG

Many brokerage firms have already submitted their reports for GLNG stocks, with Citigroup repeating the rating for GLNG by listing it as a “Neutral.” The predicted price for GLNG in the upcoming period, according to Citigroup is $27 based on the research report published on September 25, 2023 of the previous year 2023.

BofA Securities gave a rating of “Buy” to GLNG, setting the target price at $29 in the report published on September 29th of the previous year.

GLNG Trading at 13.03% from the 50-Day Moving Average

After a stumble in the market that brought GLNG to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.24% of gains for the given period.

Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +19.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.23% upper at present.

During the last 5 trading sessions, GLNG rose by +6.80%, which changed the moving average for the period of 200-days by +16.14% in comparison to the 20-day moving average, which settled at $23.44. In addition, Golar Lng saw 9.26% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for GLNG

Current profitability levels for the company are sitting at:

  • 0.76 for the present operating margin
  • 0.52 for the gross margin

The net margin for Golar Lng stands at -0.13. The total capital return value is set at 0.06. Equity return is now at value -2.06, with -1.13 for asset returns.

Based on Golar Lng (GLNG), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11.

Currently, EBITDA for the company is 132.5 million with net debt to EBITDA at 2.59. When we switch over and look at the enterprise to sales, we see a ratio of 10.59. The receivables turnover for the company is 5.18for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.

Conclusion

To sum up, Golar Lng (GLNG) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

Related Posts