FTAI Infrastructure Inc [NASDAQ: FIP] traded at a low on Tuesday, posting a -0.84 loss after which it closed the day’ session at $7.06.
The results of the trading session contributed to over 299658 shares changing hands. Over the past one week, the price volatility of FTAI Infrastructure Inc stands at 6.49% while the volatility over the past one month is 5.11%.
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The market cap for FIP stock reached $818.97 million, with 113.75 million shares outstanding and 108.97 million shares in the current float. Compared to the average trading volume of 1.15M shares, FIP reached a trading volume of 299658 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about FTAI Infrastructure Inc [FIP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FIP shares is $12.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FIP stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JMP Securities have made an estimate for FTAI Infrastructure Inc shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on June 26, 2024. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on April 18, 2024, representing the official price target for FTAI Infrastructure Inc stock. Previously, the target price had yet another raise to $7, while Compass Point analysts kept a Buy rating on FIP stock.
The Average True Range (ATR) for FTAI Infrastructure Inc is set at 0.41, with the Price to Sales ratio for FIP stock in the period of the last 12 months amounting to 2.47. The Price to Book ratio for the last quarter was 2.21, with the Price to Cash per share for the same quarter was set at 1.27.
How has FIP stock performed recently?
FTAI Infrastructure Inc [FIP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.77. With this latest performance, FIP shares dropped by -14.99% in over the last four-week period, additionally sinking by -17.15% over the last 6 months – not to mention a rise of 70.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FIP stock in for the last two-week period is set at 29.30, with the RSI for the last a single of trading hit 23.43, and the three-weeks RSI is set at 33.72 for FTAI Infrastructure Inc [FIP]. The present Moving Average for the last 50 days of trading for this stock 8.53, while it was recorded at 7.22 for the last single week of trading, and 8.36 for the last 200 days.
FTAI Infrastructure Inc [FIP]: Deeper insight into the fundamentals
FTAI Infrastructure Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.39 and a Current Ratio set at 1.39.
Insider trade positions for FTAI Infrastructure Inc [FIP]
There are presently around $92.63%, or 93.55%% of FIP stock, in the hands of institutional investors. The top three institutional holders of FIP stocks are: WASHINGTON STATE INVESTMENT BOARD with ownership of 11.79 million shares, which is approximately 11.3119%. BLACKROCK INC., holding 8.0 million shares of the stock with an approximate value of $$69.07 million in FIP stocks shares; and BLACKROCK INC., currently with $$49.25 million in FIP stock with ownership which is approximately 5.4773%.
