FTAI Infrastructure Inc (NASDAQ: FIP) is 134.19% higher on its value in year-to-date trading and has touched a low of $2.84 and a high of $10.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FIP stock was last observed hovering at around $9.02 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $9.11, the stock is 1.66% and -1.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 1.00% at the moment leaves the stock 30.93% off its SMA200. FIP registered 183.80% gain for a year compared to 6-month gain of 46.94%. The firm has a 50-day simple moving average (SMA 50) of $9.283 and a 200-day simple moving average (SMA200) of $6.9847.
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The stock witnessed a -1.51% loss in the last 1 month and extending the period to 3 months gives it a 5.93%, and is -0.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.88% over the week and 5.03% over the month.
FTAI Infrastructure Inc (FIP) has around 700 employees, a market worth around $956.91M and $329.57M in sales. Profit margin for the company is -65.31%. Distance from 52-week low is 220.77% and -12.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.08%).
The EPS is expected to grow by 0.56% this year
212.0 institutions hold shares in FTAI Infrastructure Inc (FIP), with institutional investors hold 95.23% of the company’s shares. The shares outstanding are 105.04M, and float is at 102.19M with Short Float at 6.72%. Institutions hold 94.22% of the Float.
The top institutional shareholder in the company is WASHINGTON STATE INVESTMENT BOARD with over 11.79 million shares valued at $101.71 million. The investor’s holdings represent 11.3119 of the FIP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.0 million shares valued at $69.07 million to account for 7.6814 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.71 million shares representing 5.4773 and valued at over $49.25 million, while LUXOR CAPITAL GROUP, LP holds 5.4534 of the shares totaling 5.68 million with a market value of $49.03 million.
FTAI Infrastructure Inc (FIP) Insider Activity
The most recent transaction is an insider sale by FIG Buyer GP, LLC, the company’s 10% Owner. SEC filings show that FIG Buyer GP, LLC sold 3,399,501 shares of the company’s common stock on Aug 09 ’24 at a price of $9.04 per share for a total of $30.73 million. Following the sale, the insider now owns 8.42 million shares.
