FTAI Infrastructure Inc (NASDAQ: FIP) has seen a rise in its stock price by 1.00 in relation to its previous close of 9.02. However, the company has experienced a -0.76% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-20 that NEW YORK, Sept. 20, 2024 (GLOBE NEWSWIRE) — FTAI Infrastructure Inc. (NASDAQ:FIP; the “Company” or “FTAI Infrastructure”) plans to announce its financial results for the third quarter 2024 after the closing of Nasdaq on Wednesday, October 30, 2024. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company’s website, https://www.fipinc.com/.
Is It Worth Investing in FTAI Infrastructure Inc (NASDAQ: FIP) Right Now?
Additionally, the 36-month beta value for FIP is 1.53. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FIP is 102.19M and currently, short sellers hold a 6.72% ratio of that float. The average trading volume of FIP on September 27, 2024 was 1.55M shares.
FIP’s Market Performance
FIP stock saw a decrease of -0.76% in the past week, with a monthly decline of -1.51% and a quarterly a decrease of 5.93%. The volatility ratio for the week is 3.88%, and the volatility levels for the last 30 days are 5.03% for FTAI Infrastructure Inc (FIP). The simple moving average for the past 20 days is 1.66% for FIP’s stock, with a 30.93% simple moving average for the past 200 days.
Analysts’ Opinion of FIP
Many brokerage firms have already submitted their reports for FIP stocks, with JMP Securities repeating the rating for FIP by listing it as a “Mkt Outperform.” The predicted price for FIP in the upcoming period, according to JMP Securities is $11 based on the research report published on June 26, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see FIP reach a price target of $10. The rating they have provided for FIP stocks is “Buy” according to the report published on April 18th, 2024.
Compass Point gave a rating of “Buy” to FIP, setting the target price at $7 in the report published on September 21st of the previous year.
FIP Trading at -1.97% from the 50-Day Moving Average
After a stumble in the market that brought FIP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.86% of loss for the given period.
Volatility was left at 5.03%, however, over the last 30 days, the volatility rate increased by 3.88%, as shares sank -3.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.40% lower at present.
During the last 5 trading sessions, FIP fell by -0.76%, which changed the moving average for the period of 200-days by +141.01% in comparison to the 20-day moving average, which settled at $8.95. In addition, FTAI Infrastructure Inc saw 134.19% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FIP starting from FIG Buyer GP, LLC, who sale 3,399,501 shares at the price of $9.04 back on Aug 09 ’24. After this action, FIG Buyer GP, LLC now owns 8,418,561 shares of FTAI Infrastructure Inc, valued at $30,731,489 using the latest closing price.
Stock Fundamentals for FIP
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.23 for the gross margin
The net margin for FTAI Infrastructure Inc stands at -0.45. The total capital return value is set at -0.0. Equity return is now at value -18.17, with -6.06 for asset returns.
Based on FTAI Infrastructure Inc (FIP), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 2.07. The interest coverage ratio of the stock is -0.03.
Currently, EBITDA for the company is 41.5 million with net debt to EBITDA at 30.74. When we switch over and look at the enterprise to sales, we see a ratio of 7.26. The receivables turnover for the company is 3.93for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.07.
Conclusion
In conclusion, FTAI Infrastructure Inc (FIP) has seen mixed 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
