With 1.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. During the session, the Conglomerates company that operates in wider Industrials sector, reached to the highest price of $7.82 whereas the lowest price it dropped to was $7.64. The 52-week range on FIP shows that it touched its highest point at $9.25 and its lowest point at $2.84 during that stretch. It currently has a 1-year price target of $11.00. With its current market cap of 782.00 million, FIP has annualized dividend of $0.12 while the current yield stands at 1.56%. Beta for the stock currently stands at 1.58.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FIP was down-trending over the past week, with a drop of -10.06%, but this was up by 2.40% over a month. Three-month performance surged to 42.67% while six-month performance rose 107.28%. The stock gained 111.85% in the past year, while it has gained 97.69% so far this year. A look at the trailing 12-month EPS for FIP yields -1.93 with Next year EPS estimates of -0.71. For the next quarter, that number is -0.34. This implies an EPS growth rate of 20.67% for this year and 49.65% for next year.
Float and Shares Shorts:
At present, 100.59 million FIP shares are outstanding with a float of 100.10 million shares on hand for trading. On 2024-05-15, short shares totaled 3.11 million, which was 306.0 higher than short shares on 1713139200. In addition to Mr. Kenneth J. Nicholson as the firm’s CEO & President, Mr. Scott Christopher serves as its CFO, Chief Accounting Officer & Treasurer.
Institutional Ownership:
Through their ownership of 0.78573996 of FIP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, FIP reported revenue of $82535000.0 and operating income of -$10423000.0. The EBITDA in the recently reported quarter was $561000.0 and diluted EPS was -$0.54.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FIP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
