FTAI Infrastructure Inc (NASDAQ: FIP) is -35.40% lower on its value in year-to-date trading and has touched a low of $4.73 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 $4.93 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $4.69, the stock is -8.77% and -22.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -4.87% at the moment leaves the stock -42.22% off its SMA200. FIP registered -23.49% loss for a year compared to 6-month loss of -47.30%. The firm has a 50-day simple moving average (SMA 50) of $6.0686 and a 200-day simple moving average (SMA200) of $8.116425.
The stock witnessed a -14.42% gain in the last 1 month and extending the period to 3 months gives it a -34.13%, and is -11.84% 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 6.22% over the week and 6.95% over the month.
FTAI Infrastructure Inc (FIP) has around 670 employees, a market worth around $534.39M and $331.50M in sales. Profit margin for the company is -89.94%. Distance from 52-week low is -0.85% and -55.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.65%).
The EPS is expected to grow by 61.82% this year
234.0 institutions hold shares in FTAI Infrastructure Inc (FIP), with institutional investors hold 91.90% of the company’s shares. The shares outstanding are 113.93M, and float is at 112.82M with Short Float at 12.08%. Institutions hold 90.76% 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 11.2203 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 7.6192 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’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.
