FTAI Infrastructure Inc (FIP) concluded trading on Thursday at a closing price of $9.79, with 2.56 million shares of worth about $25.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 137.62% during that period and on July 25, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 100.59M shares, out of which, 100.10M shares are available for trading.
Stock saw a price change of 2.62% in past 5 days and over the past one month there was a price change of 18.09%. Year-to-date (YTD), FIP shares are showing a performance of 151.67% which increased to 182.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.84 but also hit the highest price of $10.43 during that period. The average intraday trading volume for FTAI Infrastructure Inc shares is 1.45 million. The stock is currently trading 4.87% above its 20-day simple moving average (SMA20), while that difference is up 13.33% for SMA50 and it goes to 72.81% higher than SMA200.
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FTAI Infrastructure Inc (NASDAQ: FIP) currently have 100.59M outstanding shares and institutions hold larger chunk of about 78.40% of that.
The stock has a current market capitalization of $995.55M and its 3Y-monthly beta is at 1.51. It has posted earnings per share of -$1.93 in the same period. It has Quick Ratio of 0.68 while making debt-to-equity ratio of 1.90. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FIP, volatility over the week remained 4.29% while standing at 5.02% over the month.
Stock’s fiscal year EPS is expected to rise by 21.23% while it is estimated to increase by 54.85% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JMP Securities on June 26, 2024 offering a Mkt outperform rating for the stock and assigned a target price of $11 to it. Coverage by BTIG Research stated FTAI Infrastructure Inc (FIP) stock as a Buy in their note to investors on April 18, 2024, suggesting a price target of $10 for the stock.
