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The closing price of New Fortress Energy Inc (NASDAQ: NFE) was $2.74 for the day, down -8.36% from the previous closing price of $2.99. In other words, the price has decreased by -$8.36 from its previous closing price. On the day, 8.91 million shares were traded.
Ratios:
Our analysis of NFE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 5.53 whereas as Long-Term Debt/Eq ratio is at 5.33.
On October 03, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $35 to $15.
Deutsche Bank Downgraded its Hold to Sell on October 01, 2024, whereas the target price for the stock was revised from $21 to $7.60.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 13 ’25 when Guinta Christopher S. bought 5,000 shares for $8.57 per share. The transaction valued at 42,850 led to the insider holds 206,653 shares of the business.
EDENS WESLEY R bought 100,000 shares of NFE for $907,000 on Mar 12 ’25. The Chief Executive Officer now owns 36,021,915 shares after completing the transaction at $9.07 per share. On Mar 11 ’25, another insider, EDENS WESLEY R, who serves as the Chief Executive Officer of the company, bought 200,000 shares for $8.77 each. As a result, the insider paid 1,754,000 and bolstered with 35,921,915 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.43.
Stock Price History:
Over the past 52 weeks, NFE has reached a high of $26.22, while it has fallen to a 52-week low of $2.26. The 50-Day Moving Average of the stock is -40.21%, while the 200-Day Moving Average is calculated to be -71.28%.
Shares Statistics:
A total of 273.80M shares are outstanding, with a floating share count of 178.04M. Insiders hold about 35.07% of the company’s shares, while institutions hold 72.97% stake in the company.
