During the last session, FTAI Infrastructure Inc (NASDAQ:FIP)’s traded shares were 0.54 million, with the beta value of the company hitting 1.62. At the end of the trading day, the stock’s price was $7.10, reflecting an intraday loss of -3.92% or -$0.29. The 52-week high for the FIP share is $10.45, that puts it down -47.18 from that peak though still a striking 42.96% gain since the share price plummeted to a 52-week low of $4.05. The company’s market capitalization is $807.59M, and the average intraday trading volume over the past 10 days was 1.3 million shares, and the average trade volume was 1.24 million shares over the past three months.
FTAI Infrastructure Inc (FIP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. FIP has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.42.
FTAI Infrastructure Inc (NASDAQ:FIP) trade information
FTAI Infrastructure Inc (FIP) registered a -3.92% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.92% in intraday trading to $7.10, hitting a weekly high. The stock’s 5-day price performance is -8.51%, and it has moved by -1.66% in 30 days. Based on these gigs, the overall price performance for the year is 75.31%. The short interest in FTAI Infrastructure Inc (NASDAQ:FIP) is 8.06 million shares and it means that shorts have 7.92 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 45.38% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $13 respectively. As a result, FIP is trading at a discount of -83.1% off the target high and -83.1% off the low.
FTAI Infrastructure Inc (FIP) estimates and forecasts
In the rating firms’ projections, revenue will increase 7.85% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 94.83M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 101.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 81.44M and 82.53M respectively. In this case, analysts expect current quarter sales to grow by 16.45% and then jump by 23.10% in the coming quarter.
While earnings are projected to return -4.84% in 2025.
FIP Dividends
FTAI Infrastructure Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for FTAI Infrastructure Inc is 0.12, with the dividend yield indicating at 1.69 percent, continuing the trend of increasing dividends in recent years.
FTAI Infrastructure Inc (NASDAQ:FIP)’s Major holders
FTAI Infrastructure Inc insiders own 0.98% of total outstanding shares while institutional holders control 93.22%, with the float percentage being 94.15%. WASHINGTON STATE INVESTMENT BOARD is the largest shareholder of the company, while 231.0 institutions own stock in it. As of 2024-06-30, the company held over 11.79 million shares (or 11.3119% of all shares), a total value of $101.71 million in shares.
The next largest institutional holding, with 8.0 million shares, is of BLACKROCK INC.’s that is approximately 7.6814% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $69.07 million.
Also, the Mutual Funds coming in first place with the largest holdings of FTAI Infrastructure Inc (FIP) shares are Smallcap World Fund and Vanguard Total Stock Market Index Fund . Data provided on Sep 30, 2024 indicates that Smallcap World Fund owns about 4.47 shares. This amounts to just over 3.93 percent of the company’s overall shares, with a $31.76 million market value. The same data shows that the other fund manager holds slightly less at 3.2, or about 2.81% of the stock, which is worth about $22.7 million.
