Flex Lng Ltd [NYSE: FLNG] surged by $0.17 during the normal trading session on while it closed the day at $24.55.
Flex Lng Ltd stock has also gained 7.02% of its value over the past 7 days. However, FLNG stock has declined by -7.78% in the 3 months of the year. Over the past six months meanwhile, it has lost -8.43% and gained 7.02% year-on date.
The market cap for FLNG stock reached $1.30 billion, with 54.09 million shares outstanding and 30.38 million shares in the current float. Compared to the average trading volume of 384.75K shares, FLNG reached a trading volume of 291905 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Flex Lng Ltd [FLNG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FLNG shares is $26.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FLNG stock is a recommendation set at 2.25. 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.
Jefferies have made an estimate for Flex Lng Ltd shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 14, 2024. While these analysts kept the previous recommendation, Jefferies dropped their target price from $32 to $23. The new note on the price target was released on February 27, 2024, representing the official price target for Flex Lng Ltd stock.
The Average True Range (ATR) for Flex Lng Ltd is set at 0.71, with the Price to Sales ratio for FLNG stock in the period of the last 12 months amounting to 3.58. The Price to Book ratio for the last quarter was 1.66, with the Price to Cash per share for the same quarter was set at 5.47. Price to Free Cash Flow for FLNG in the course of the last twelve months was 6.75 with Quick ratio for the last quarter at 2.18.
FLNG stock trade performance evaluation
Flex Lng Ltd [FLNG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.02. With this latest performance, FLNG shares gained by 11.95% in over the last four-week period, additionally sinking by -8.43% over the last 6 months – not to mention a drop of -20.40% 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 FLNG stock in for the last two-week period is set at 64.16, with the RSI for the last a single of trading hit 74.47, and the three-weeks RSI is set at 57.96 for Flex Lng Ltd [FLNG]. The present Moving Average for the last 50 days of trading for this stock 23.69, while it was recorded at 24.30 for the last single week of trading, and 25.87 for the last 200 days.
Flex Lng Ltd [FLNG]: An insightful look at the core fundamentals
Flex Lng Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.18 and a Current Ratio set at 2.21.
Flex Lng Ltd [FLNG]: Institutional Ownership
The top three institutional holders of FLNG stocks are: BLACKROCK INC. with ownership of 1.55 million shares, which is approximately 2.8779%. VANGUARD GROUP INC, holding 1.29 million shares of the stock with an approximate value of $$34.79 million in FLNG stocks shares; and VANGUARD GROUP INC, currently with $$26.86 million in FLNG stock with ownership which is approximately 1.8483%.
