Additionally, the 36-month beta value for GLNG is 0.60. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 8 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for GLNG is 98.02M and currently, short sellers hold a 3.12% ratio of that float. The average trading volume of GLNG on April 26, 2024 was 1.20M shares.
GLNG) stock’s latest price update
The stock of Golar Lng (NASDAQ: GLNG) has decreased by -0.64 when compared to last closing price of 25.18. Despite this, the company has experienced a 1.34% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Golar LNG Limited (GLNG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
GLNG’s Market Performance
Golar Lng (GLNG) has experienced a 1.34% rise in stock performance for the past week, with a 6.38% rise in the past month, and a 11.95% rise in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.41% for GLNG. The simple moving average for the past 20 days is 0.29% for GLNG’s stock, with a 9.57% simple moving average for the past 200 days.
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 7.60% 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 unable to rebound, for now settling with -3.40% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +5.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.03% upper at present.
During the last 5 trading sessions, GLNG rose by +1.34%, which changed the moving average for the period of 200-days by +9.26% in comparison to the 20-day moving average, which settled at $25.01. In addition, Golar Lng saw 8.83% 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 10.53. 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
In conclusion, Golar Lng (GLNG) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
