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After finishing at $9.39 in the prior trading day, New Fortress Energy Inc (NASDAQ: NFE) closed at $8.93, down -4.90%. In other words, the price has decreased by -$4.90 from its previous closing price. On the day, 6.32 million shares were traded. NFE stock price reached its highest trading level at $9.27 during the session, while it also had its lowest trading level at $8.8151.
Ratios:
Our goal is to gain a better understanding of NFE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 0.72. In the meantime, Its Debt-to-Equity ratio is 4.99 whereas as Long-Term Debt/Eq ratio is at 4.77.
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, Morgan Stanley on October 03, 2024, Downgraded its rating to Equal-Weight and sets its target price to $15 from $35 previously.
On October 01, 2024, Deutsche Bank Downgraded its rating to Sell which previously was Hold and also lowered its target price recommendation from $21 to $7.60.
Deutsche Bank Downgraded its Buy to Hold on March 04, 2024, whereas the target price for the stock was revised from $40 to $35.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 01 ’24 when EDENS WESLEY R bought 5,793,742 shares for $8.63 per share. The transaction valued at 49,999,993 led to the insider holds 35,721,915 shares of the business.
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 2245153792 and an Enterprise Value of 10288788480. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.63, and their Forward P/E ratio for the next fiscal year is 6.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 4.365 whereas that against EBITDA is 10.843.
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 $8.20. The 50-Day Moving Average of the stock is -27.55%, while the 200-Day Moving Average is calculated to be -63.58%.
Shares Statistics:
The stock has traded on average 4.72M shares per day over the past 3-months and 10137540 shares per day over the last 10 days, according to various share statistics. A total of 205.00M shares are outstanding, with a floating share count of 134.69M. Insiders hold about 46.43% of the company’s shares, while institutions hold 49.88% stake in the company. Shares short for NFE as of 1726185600 were 25770822 with a Short Ratio of 5.46, compared to 1723680000 on 22044654. Therefore, it implies a Short% of Shares Outstanding of 25770822 and a Short% of Float of 32.869998.
Dividends & Splits
In the trailing 12 months, NFE’s forward annual dividend rate was 0.4, compared to 0.30 this year. Against a Trailing Annual Dividend Yield of 0.04259851
