FTAI Infrastructure Inc (NASDAQ: FIP) is -53.44% lower on its value in year-to-date trading and has touched a low of $3.26 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 $3.84 in the last trading session, with the day’s loss setting it -0.46%.
Currently trading at $3.38, the stock is -25.91% and -37.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing -11.98% at the moment leaves the stock -57.29% off its SMA200. FIP registered -47.60% loss for a year compared to 6-month loss of -64.57%. The firm has a 50-day simple moving average (SMA 50) of $5.4375 and a 200-day simple moving average (SMA200) of $7.9142.
The stock witnessed a -31.72% gain in the last 1 month and extending the period to 3 months gives it a -59.81%, and is -14.54% 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 16.89% over the week and 8.89% over the month.
FTAI Infrastructure Inc (FIP) has around 670 employees, a market worth around $385.13M and $331.50M in sales. Profit margin for the company is -89.94%. Distance from 52-week low is 3.68% and -67.67% 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
233.0 institutions hold shares in FTAI Infrastructure Inc (FIP), with institutional investors hold 89.97% of the company’s shares. The shares outstanding are 113.93M, and float is at 112.82M with Short Float at 12.86%. Institutions hold 88.86% 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.
