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After finishing at $9.77 in the prior trading day, New Fortress Energy Inc (NASDAQ: NFE) closed at $9.09, down -6.96%. In other words, the price has decreased by -$6.96 from its previous closing price. On the day, 9.29 million shares were traded. NFE stock price reached its highest trading level at $9.5815 during the session, while it also had its lowest trading level at $8.2.
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, 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 1864059136 and an Enterprise Value of 10227268608. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.76, and their Forward P/E ratio for the next fiscal year is 5.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 4.339 whereas that against EBITDA is 10.778.
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 $8.85. The 50-Day Moving Average of the stock is -35.52%, while the 200-Day Moving Average is calculated to be -64.33%.
Shares Statistics:
The stock has traded on average 3.74M shares per day over the past 3-months and 4467910 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 115.65M. Insiders hold about 43.60% of the company’s shares, while institutions hold 56.98% stake in the company. Shares short for NFE as of 1726185600 were 25770822 with a Short Ratio of 6.89, 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 0.40 this year. Against a Trailing Annual Dividend Yield of 0.040941656
