In last trading session, FTAI Infrastructure Inc (NASDAQ:FIP) saw 0.82 million shares changing hands with its beta currently measuring 1.61. Company’s recent per share price level of $7.02 trading at $0.03 or 0.43% at ring of the bell on the day assigns it a market valuation of $798.49M. That closing price of FIP’s stock is at a discount of -48.86% from its 52-week high price of $10.45 and is indicating a premium of 40.88% from its 52-week low price of $4.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.99 million shares which gives us an average trading volume of 1.21 million if we extend that period to 3-months.
For FTAI Infrastructure Inc (FIP), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.42 in the current quarter.
FTAI Infrastructure Inc (NASDAQ:FIP) trade information
Upright in the green during last session for gaining 0.43%, in the last five days FIP remained trading in the red while hitting it’s week-highest on Thursday, 01/30/25 when the stock touched $7.02 price level, adding 2.36% to its value on the day. FTAI Infrastructure Inc’s shares saw a change of -3.31% in year-to-date performance and have moved -1.13% in past 5-day. FTAI Infrastructure Inc (NASDAQ:FIP) showed a performance of -0.71% in past 30-days. Number of shares sold short was 8.08 million shares which calculate 7.79 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13 to the stock, which implies a rise of 46.0% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -85.19% in reaching the projected high whereas dropping to the targeted low would mean a loss of -85.19% for stock’s current value.
FTAI Infrastructure Inc (FIP) estimates and forecasts
This year revenue growth is estimated to rise 7.85% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 94.83M for the same. And 3 analysts are in estimates of company making revenue of 101.6M in the next quarter. Company posted 81.44M and 82.53M of sales in current and next quarters respectively a year earlier.
FTAI Infrastructure Inc (NASDAQ:FIP)’s Major holders
Insiders are in possession of 0.98% of company’s total shares while institution are holding 93.25 percent of that, with stock having share float percentage of 94.17%. Investors also watch the number of corporate investors in a company very closely, which is 93.25% institutions for FTAI Infrastructure Inc that are currently holding shares of the company. WASHINGTON STATE INVESTMENT BOARD is the top institutional holder at FIP for having 11.79 million shares of worth $101.71 million. And as of 2024-06-30, it was holding 11.3119 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 8.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.6814 of outstanding shares, having a total worth of $69.07 million.
On the other hand, Smallcap World Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 4.47 shares of worth $31.4 million or 3.93% of the total outstanding shares. The later fund manager was in possession of 3.2 shares on Sep 30, 2024 , making its stake of worth around $22.44 million in the company or a holder of 2.81% of company’s stock.
