The stock of Golar Lng (GLNG) has gone down by -3.77% for the week, with a 3.73% rise in the past month and a 4.58% rise in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are 2.65% for GLNG. The simple moving average for the last 20 days is -2.75% for GLNG stock, with a simple moving average of 29.80% 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 34.87x. 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.”
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 at present, short sellers hold a 4.71% of that float. The average trading volume of GLNG on October 23, 2024 was 1.21M shares.
GLNG) stock’s latest price update
Golar Lng (NASDAQ: GLNG)’s stock price has decreased by -0.14 compared to its previous closing price of 37.03. However, the company has seen a -3.77% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-21 that Golar LNG’s 3rd Quarter 2024 results will be released before the NASDAQ opens on Tuesday, November 12, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 12, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com
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 5.98% 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 -6.14% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares surge +6.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.64% upper at present.
During the last 5 trading sessions, GLNG fell by -3.67%, which changed the moving average for the period of 200-days by +59.23% in comparison to the 20-day moving average, which settled at $38.03. In addition, Golar Lng saw 60.85% 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 16.25. 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.
