Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, New Fortress Energy Inc (NASDAQ: NFE) closed at $10.50 down -3.67% from its previous closing price of $10.90. In other words, the price has decreased by -$3.67 from its previous closing price. On the day, 4.36 million shares were traded.
Ratios:
For a deeper understanding of New Fortress Energy Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.35 and its Current Ratio is at 0.38. In the meantime, Its Debt-to-Equity ratio is 5.19 whereas as Long-Term Debt/Eq ratio is at 4.43.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.62, and their Forward P/E ratio for the next fiscal year is 75.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 1.38.
Stock Price History:
Over the past 52 weeks, NFE has reached a high of $35.58, while it has fallen to a 52-week low of $7.82. The 50-Day Moving Average of the stock is -23.72%, while the 200-Day Moving Average is calculated to be -30.53%.
Shares Statistics:
A total of 205.10M shares are outstanding, with a floating share count of 169.36M. Insiders hold about 37.89% of the company’s shares, while institutions hold 65.87% stake in the company.
