In the past week, GLNG stock has gone up by 7.32%, with a monthly gain of 14.93% and a quarterly surge of 23.34%. The volatility ratio for the week is 4.35%, and the volatility levels for the last 30 days are 3.01% for Golar Lng The simple moving average for the last 20 days is 14.94% for GLNG stock, with a simple moving average of 40.85% for the last 200 days.
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 36.08x. The 36-month beta value for GLNG is also noteworthy at 0.57. 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.”
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The public float for GLNG is 93.22M, and at present, short sellers hold a 3.17% of that float. The average trading volume of GLNG on October 02, 2024 was 1.31M shares.
GLNG) stock’s latest price update
Golar Lng (NASDAQ: GLNG)’s stock price has surge by 4.08relation to previous closing price of 36.76. Nevertheless, the company has seen a 7.32% surge in its stock price over the last five trading sessions. zacks.com reported 2024-09-20 that Golar LNG is bolstered by its EPC agreement with CIMC Raffles for the FLNG vessel. The FLNG market is expanding, offering significant potential.
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 14.60% 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 able to rebound, for now settling with 0.82% of gains for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares surge +19.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.68% upper at present.
During the last 5 trading sessions, GLNG rose by +7.32%, which changed the moving average for the period of 200-days by +79.71% in comparison to the 20-day moving average, which settled at $33.60. In addition, Golar Lng saw 66.42% 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:
- 0.75 for the present operating margin
- 0.42 for the gross margin
The net margin for Golar Lng stands at 0.51. The total capital return value is set at 0.06. Equity return is now at value 6.74, with 3.50 for asset returns.
Based on Golar Lng (GLNG), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is -212.0.
Currently, EBITDA for the company is 132.5 million with net debt to EBITDA at 3.47. When we switch over and look at the enterprise to sales, we see a ratio of 16.76. The receivables turnover for the company is 7.3for 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 1.24.
Conclusion
In summary, Golar Lng (GLNG) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
