Flex Lng Ltd (NYSE: FLNG) is -15.93% lower on its value in year-to-date trading and has touched a low of $19.46 and a high of $27.77 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 FLNG stock was last observed hovering at around $22.51 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $22.69, the stock is -3.94% and -4.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 0.80% at the moment leaves the stock -5.32% off its SMA200. FLNG registered -1.09% loss for a year compared to 6-month gain of 2.12%. The firm has a 50-day simple moving average (SMA 50) of $23.8036 and a 200-day simple moving average (SMA200) of $23.96535.
The stock witnessed a -7.58% loss in the last 1 month and extending the period to 3 months gives it a 1.61%, and is -3.03% 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 2.53% over the week and 2.51% over the month.
Flex Lng Ltd (FLNG) has around 9 employees, a market worth around $1.21B and $354.55M in sales. Current P/E ratio is 11.88 and Fwd P/E is 10.78. Profit margin for the company is 29.10%. Distance from 52-week low is 16.60% and -18.29% from its 52-week high. The company has generated returns on investments over the last 12 months (4.19%).
with sales reaching $83.49M over the same period.The EPS is expected to shrink by -23.28% this year, but quarterly earnings will post -1.73% year-over-year. Quarterly sales are estimated to shrink -1.42% in year-over-year returns.
241.0 institutions hold shares in Flex Lng Ltd (FLNG), with institutional investors hold 42.91% of the company’s shares. The shares outstanding are 54.09M, and float is at 30.79M with Short Float at 7.43%. Institutions hold 24.64% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.55 million shares valued at $41.82 million. The investor’s holdings represent 2.872 of the FLNG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.29 million shares valued at $34.79 million to account for 2.3894 of the shares outstanding. The other top investors are FOLKETRYGDFONDET which holds 0.99 million shares representing 1.8445 and valued at over $26.86 million, while ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds 1.6309 of the shares totaling 0.88 million with a market value of $23.78 million.
