FTAI Infrastructure Inc (NASDAQ: FIP) is -17.91% lower on its value in year-to-date trading and has touched a low of $4.17 and a high of $10.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FIP stock was last observed hovering at around $6.33 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $5.96, the stock is -11.24% and -17.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing -5.85% at the moment leaves the stock -29.55% off its SMA200. FIP registered 36.07% gain for a year compared to 6-month loss of -36.66%.
The stock witnessed a -15.10% gain in the last 1 month and extending the period to 3 months gives it a -28.62%, and is -7.31% 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 4.98% over the week and 4.81% over the month.
FTAI Infrastructure Inc (FIP) has around 700 employees, a market worth around $677.92M and $332.17M in sales. Profit margin for the company is -62.95%. Distance from 52-week low is 42.93% and -42.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.95%).
with sales reaching $94.83M over the same period.The EPS is expected to shrink by -4.84% this year, but quarterly earnings will post 7.85% year-over-year. Quarterly sales are estimated to grow 16.45% in year-over-year returns.
FTAI Infrastructure Inc (FIP) Top Institutional Holders
The shares outstanding are 113.75M, and float is at 112.58M with Short Float at 7.73%.
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 11.2203% 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 5.4093 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’s10% 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.
