In Friday’s Wall Street session, Flex Lng Ltd (NYSE:FLNG) shares traded at $22.92, up 1.33% from the previous session.
FLNG stock price is now -0.38% away from the 50-day moving average and -5.71% away from the 200-day moving average. The market capitalization of the company currently stands at $1.22B.
With the price target maintained at $24, Jefferies recently Upgraded its rating from Underperform to Hold for Flex Lng Ltd (NYSE: FLNG). On February 27, 2024, Jefferies Downgraded its previous ‘Hold’ rating to ‘Underperform’ on the stock reducing its target price from $32 to quote $23, while ‘Danske Bank’ rates the stock as ‘Hold’
In other news, Sakmar Susan, Director bought 10,338 shares of the company’s stock on Apr 17 ’25. The stock was bought for $241,759 at an average price of $23.39. A total of 43.61% of the company’s stock is owned by insiders.
During the past 12 months, Flex Lng Ltd has had a low of $19.46 and a high of $30.48. As of last week, the company has a debt-to-equity ratio of 2.27, a current ratio of 2.77, and a quick ratio of 2.74. According to the stock market information, the enterprise value for the company is $2613852672, which is based on a 12.00 price-to-earnings ratio, a 6.56 price-to-earnings-growth ratio, and a beta of 0.45. The fifty day moving average price for FLNG is $23.008 and a two-hundred day moving average price translates $24.30885 for the stock.
The latest earnings results from Flex Lng Ltd (NYSE: FLNG) was released for 2025-03-31. The net profit margin was 29.10% and return on equity was 12.69% for FLNG. The company reported revenue of $88.44 million for the quarter, compared to $90.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.99 percent.
