FLNG Stock Summary and Trading Ideas (Flex Lng Ltd. | NYSE:FLNG)

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

Flex Lng Ltd. trades on the NYSE stock market under the symbol FLNG.

As of December 27, 2024, FLNG stock price declined to $21.69 with 139,220 million shares trading.

FLNG has a beta of 0.08, meaning it tends to be less sensitive to market movements. FLNG has a correlation of 0.00 to the broad based SPY ETF.

FLNG has a market cap of $1.17 billion. This is considered a Small Cap stock.

In the last 3 years, FLNG traded as high as $38.24 and as low as $16.65.

The top ETF exchange traded funds that FLNG belongs to (by Net Assets): IWM, IWO, VTWO, IWN, VTWG.

FLNG has underperformed the market in the last year with a price return of -17.3% while the SPY ETF gained +26.0%. FLNG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.4% and -2.6%, respectively, while the SPY returned +3.8% and -1.7%, respectively.

FLNG support price is $21.24 and resistance is $22.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLNG shares will trade within this expected range on the day.