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Do Analysts Expect FLEX LNG Ltd (FLNG) Stock to Rise After It Has Fallen -5.31% in a Month?

Tuesday, October 04, 2022 11:33 AM | InvestorsObserver Analysts
Do Analysts Expect FLEX LNG Ltd (FLNG) Stock to Rise After It Has Fallen -5.31% in a Month?

Wall Street is positive on FLEX LNG Ltd (FLNG). On average, analysts give FLEX LNG Ltd a Hold rating. The average price target is $36, which means analysts expect the stock to add by 13.42% over the next twelve months. That average ranking earns FLEX LNG Ltd an Analyst Rating of 5, which is better than 5% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3
Wall Street analysts are rating FLNG a Hold today. Find out what this means to you and get the rest of the rankings on FLNG!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With FLEX LNG Ltd Stock Today?

FLEX LNG Ltd (FLNG) stock is trading at $31.74 as of 11:32 AM on Tuesday, Oct 4, a loss of -$0.33, or -1.03% from the previous closing price of $32.07. The stock has traded between $30.94 and $31.91 so far today. Volume today is light. So far 260,130 shares have traded compared to average volume of 660,043 shares. Click Here to get the full Stock Report for FLEX LNG Ltd stock.

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