Analytical Lens: Exploring New Fortress Energy Inc (NFE)’s Financial Story Through Ratios

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The closing price of New Fortress Energy Inc (NASDAQ: NFE) was $23.28 for the day, down -1.61% from the previous closing price of $23.66. In other words, the price has decreased by -$1.61 from its previous closing price. On the day, 1.37 million shares were traded. NFE stock price reached its highest trading level at $23.61 during the session, while it also had its lowest trading level at $23.1.


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 0.54 and its Current Ratio is at 0.66. In the meantime, Its Debt-to-Equity ratio is 4.37 whereas as Long-Term Debt/Eq ratio is at 4.12.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on March 04, 2024, Downgraded its rating to Hold and sets its target price to $35 from $40 previously.

BofA Securities Downgraded its Buy to Neutral on June 08, 2023, whereas the target price for the stock was revised from $59 to $31.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NFE now has a Market Capitalization of 4773890048 and an Enterprise Value of 12582190080. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.61, and their Forward P/E ratio for the next fiscal year is 6.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 2.86. Its current Enterprise Value per Revenue stands at 5.045 whereas that against EBITDA is 11.445.

Stock Price History:

Over the past 52 weeks, NFE has reached a high of $40.04, while it has fallen to a 52-week low of $23.41. The 50-Day Moving Average of the stock is -14.46%, while the 200-Day Moving Average is calculated to be -26.60%.

Shares Statistics:

NFE traded an average of 1.60M shares per day over the past three months and 1928960 shares per day over the past ten days. A total of 205.00M shares are outstanding, with a floating share count of 105.42M. Insiders hold about 48.59% of the company’s shares, while institutions hold 52.42% stake in the company. Shares short for NFE as of 1715731200 were 14297429 with a Short Ratio of 8.95, compared to 1713139200 on 13297895. Therefore, it implies a Short% of Shares Outstanding of 14297429 and a Short% of Float of 18.240000000000002.

Dividends & Splits

With its trailing 12-month dividend rate of 0.4, NFE has a forward annual dividend rate of 0.40. Against a Trailing Annual Dividend Yield of 0.016906172

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