The stock of Golar Lng (NASDAQ: GLNG) has increased by 6.61 when compared to last closing price of 28.88. Despite this, the company has experienced a 12.29% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-24 that UP World LNG Shipping Index gained 1.17% last week, led by FLEX LNG and Golar LNG. UPI outperformed the S&P 500, indicating positive momentum for LNG shipping stocks. The summer season is approaching, potential rise in gas consumption in Asia, investors are advised to consider LNG sector opportunities.
Is It Worth Investing in Golar Lng (NASDAQ: GLNG) Right Now?
The price-to-earnings ratio for Golar Lng (NASDAQ: GLNG) is above average at 29.03x, Company’s 36-month beta value is 0.62.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 8 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for GLNG is 93.22M, and currently, short sellers hold a 3.73% ratio of that floaft. The average trading volume of GLNG on June 24, 2024 was 1.05M shares.
GLNG’s Market Performance
The stock of Golar Lng (GLNG) has seen a 12.29% increase in the past week, with a 14.97% rise in the past month, and a 28.40% gain in the past quarter. The volatility ratio for the week is 2.94%, and the volatility levels for the past 30 days are at 3.09% for GLNG. The simple moving average for the last 20 days is 13.39% for GLNG stock, with a simple moving average of 30.91% for the last 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 17.46% 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 4.37% of gains for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 2.94%, as shares surge +16.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.36% upper at present.
During the last 5 trading sessions, GLNG rose by +12.33%, which changed the moving average for the period of 200-days by +35.09% in comparison to the 20-day moving average, which settled at $27.37. In addition, Golar Lng saw 33.93% 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:
- 0.71 for the present operating margin
- 0.47 for the gross margin
The net margin for Golar Lng stands at 0.38. The total capital return value is set at 0.06. Equity return is now at value 5.20, with 2.74 for asset returns.
Based on Golar Lng (GLNG), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is -570.4.
Currently, EBITDA for the company is 132.5 million with net debt to EBITDA at 3.71. When we switch over and look at the enterprise to sales, we see a ratio of 13.16. The receivables turnover for the company is 7.56for 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 1.28.
Conclusion
In a nutshell, Golar Lng (GLNG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
