Founder Group Ltd (NASDAQ: FGL)’s stock price has plunge by -13.00relation to previous closing price of 4.00. Nevertheless, the company has seen a 3.88% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-01 that SELANGOR, Malaysia, Nov. 01, 2024 (GLOBE NEWSWIRE) — Founder Group Limited (“FGL” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, today announced that its subsidiary, Founder Energy Sdn Bhd, has secured a contract to develop a solar power system for a Malaysian higher education institution. This contract encompasses the full development, design, installation, construction, and commissioning of an on-site solar PV system for the institution’s electricity generation and consumption. Valued at approximately USD$3.8 million, the project is expected to be completed within nine months.
Is It Worth Investing in Founder Group Ltd (NASDAQ: FGL) Right Now?
Founder Group Ltd (NASDAQ: FGL) has a higher price-to-earnings ratio of 35.15x compared to its average ratio,
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FGL currently public float of 3.08M.The average trading volume for FGL on November 05, 2024 was 334.04K shares.
FGL’s Market Performance
The simple moving average for the last 20 days is -1.91% for FGL stock, with a simple moving average of -1.91% for the last 200 days.
FGL Trading at -1.91% from the 50-Day Moving Average
After a stumble in the market that brought FGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.84% of loss for the given period.
During the last 5 trading sessions, FGL rose by +3.88%, in comparison to the 20-day moving average. In addition, Founder Group Ltd saw 10.13% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FGL
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.12 for the gross margin
The net margin for Founder Group Ltd stands at 0.05. The total capital return value is set at 0.69.
Based on Founder Group Ltd (FGL), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at -0.71. The debt to equity ratio resting at 1.67. The interest coverage ratio of the stock is 8.8.
Currently, EBITDA for the company is 11.35 million with net debt to EBITDA at 1.68. When we switch over and look at the enterprise to sales, we see a ratio of 1.87. The receivables turnover for the company is 2.09for trailing twelve months and the total asset turnover is 1.77.
Conclusion
In conclusion, Founder Group Ltd (FGL) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
