FTAI Infrastructure Inc (NASDAQ:FIP)’s traded shares stood at 0.67 million during the last session, with the company’s beta value hitting 1.64. At the close of trading, the stock’s price was $7.44, to imply a decrease of -4.12% or -$0.32 in intraday trading. The FIP share’s 52-week high remains $10.45, putting it -40.46% down since that peak but still an impressive 52.96% since price per share fell to its 52-week low of $3.50. The company has a valuation of $846.26M, with an average of 1.03 million shares in intraday trading volume over the past 10 days and average of 1.19 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for FTAI Infrastructure Inc (FIP), translating to a mean rating of 1.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give FIP a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.42.
FTAI Infrastructure Inc (NASDAQ:FIP) trade information
After registering a -4.12% downside in the last session, FTAI Infrastructure Inc (FIP) has traded red over the past five days. The 5-day price performance for the stock is -6.06%, and -7.00% over 30 days. With these gigs, the year-to-date price performance is 2.48%. Short interest in FTAI Infrastructure Inc (NASDAQ:FIP) saw shorts transact 8.06 million shares and set a 7.92 days time to cover.
The extremes give us $12 and $13 for target low and target high price respectively. As such, FIP has been trading -74.73% off suggested target high and -61.29% from its likely low.
FTAI Infrastructure Inc (FIP) estimates and forecasts
The rating firms project that company’s revenue will grow 7.85% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 94.83M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 101.6M.Earnings reports from the last fiscal year show that sales brought in 81.44M and 82.53M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 16.45% before jumping 23.10% in the following quarter.
FIP Dividends
FTAI Infrastructure Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. FTAI Infrastructure Inc has a forward dividend ratio of 0.12, with the share yield ticking at 1.61% to continue the rising pattern observed over the past year.
FTAI Infrastructure Inc (NASDAQ:FIP)’s Major holders
FTAI Infrastructure Inc insiders hold 0.98% of total outstanding shares, with institutional holders owning 92.52% of the shares at 93.43% float percentage. In total, 92.52% institutions holds shares in the company, led by WASHINGTON STATE INVESTMENT BOARD. As of 2024-06-30, the company held over 11.79 million shares (or 11.3119% of shares), all amounting to roughly $101.71 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 8.0 million shares, or about 7.6814% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $69.07 million.
We also have Smallcap World Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the FTAI Infrastructure Inc (FIP) shares. Going by data provided on Sep 30, 2024 , Smallcap World Fund holds roughly 4.47 shares. This is just over 3.93% of the total shares, with a market valuation of $33.28 million. Data from the same date shows that the other fund manager holds a little less at 3.2, or 2.81% of the shares, all valued at about 23.78 million.
