The stock of Flex Lng Ltd (FLNG) has seen a 3.55% increase in the past week, with a -15.91% drop in the past month, and a -14.18% decrease in the past quarter. The volatility ratio for the week is 2.84%, and the volatility levels for the past 30 days are at 3.00% for FLNG. The simple moving average for the past 20 days is -2.88% for FLNG’s stock, with a -15.54% simple moving average for the past 200 days.
Is It Worth Investing in Flex Lng Ltd (NYSE: FLNG) Right Now?
Flex Lng Ltd (NYSE: FLNG) has a higher price-to-earnings ratio of 13.02x compared to its average ratio. FLNG has 36-month beta value of 0.71. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for FLNG is 30.38M, and currently, short sellers hold a 6.76% ratio of that float. The average trading volume of FLNG on December 25, 2024 was 356.30K shares.
FLNG) stock’s latest price update
Flex Lng Ltd (NYSE: FLNG) has seen a rise in its stock price by 0.09 in relation to its previous close of 21.91. However, the company has experienced a 3.55% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-24 that Golar LNG Limited (“Golar” or “the Company”) is pleased to announce that the company has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The acquisitions comprise all third-party interests in the asset, including a total of 5.45% common units, 10.9% Series A shares and 10.9% Series B shares. The transaction is equivalent to ~8% of the full FLNG capacity. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. The full economic interest of the increased ownership in FLNG Hilli will be effective from 1st of January 2025.
Analysts’ Opinion of FLNG
Many brokerage firms have already submitted their reports for FLNG stocks, with Jefferies repeating the rating for FLNG by listing it as a “Hold.” The predicted price for FLNG in the upcoming period, according to Jefferies is $24 based on the research report published on August 14, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see FLNG reach a price target of $23, previously predicting the price at $32. The rating they have provided for FLNG stocks is “Underperform” according to the report published on February 27th, 2024.
FLNG Trading at -8.64% from the 50-Day Moving Average
After a stumble in the market that brought FLNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.18% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares sank -16.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.33% lower at present.
During the last 5 trading sessions, FLNG rose by +2.52%, which changed the moving average for the period of 200-days by -13.97% in comparison to the 20-day moving average, which settled at $22.57. In addition, Flex Lng Ltd saw -23.78% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FLNG
Current profitability levels for the company are sitting at:
- 0.57 for the present operating margin
- 0.59 for the gross margin
The net margin for Flex Lng Ltd stands at 0.25. The total capital return value is set at 0.09. Equity return is now at value 10.96, with 3.47 for asset returns.
Based on Flex Lng Ltd (FLNG), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.94. The interest coverage ratio of the stock is 1.91.
Currently, EBITDA for the company is 302.2 million with net debt to EBITDA at 4.9. When we switch over and look at the enterprise to sales, we see a ratio of 6.95. The receivables turnover for the company is 12.89for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
To put it simply, Flex Lng Ltd (FLNG) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
