Cheniere Energy Inc (NYSE:LNG) shares, rose in value, with the stock price up by 0.64% to the previous day’s close as strong demand from buyers drove the stock to $240.28.
Actively observing the price movement in the recent trading, the stock is buoying the session at $238.76. The PE ratio was 16.86 over 12-month period. Referring to stock’s 52-week performance, its high was $257.65, and the low was $153.03. On the whole, LNG has fluctuated by 17.12% over the past month.
With the market capitalization of Cheniere Energy Inc currently standing at about $53.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.87, with its dividend yield at 0.78%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.33B, with a low estimate of 4.13B and a high estimate of 5.03B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.61B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LNG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of LNG currently trading nearly 4.26% and 6.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.67, while the 7-day volatility ratio is showing 2.23% which for the 30-day chart, stands at 3.57%. Furthermore, Cheniere Energy Inc (LNG)’s beta value is 0.44, and its average true range (ATR) is 7.79.
A comparison of Cheniere Energy Inc (LNG) with its peers suggests the former has fared considerably weaker in the market. LNG showed an intraday change of 0.64% in today’s session so far, and over the past year, it grew by 53.22%%.
Data on historical trading for Cheniere Energy Inc (NYSE:LNG) indicates that the trading volumes over the past 3 months, they’ve averaged 2.24 million. According to company’s latest data on outstanding shares, there are 224.00 million shares outstanding.
Nearly 1.00% of Cheniere Energy Inc’s shares belong to company insiders and institutional investors own 91.02% of the company’s shares. The stock has risen by 11.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LNG stock heading into the next quarter.
