For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of New Fortress Energy Inc (NASDAQ: NFE) closed at $6.32 in the last session, up 3.10% from day before closing price of $6.13. In other words, the price has increased by $3.10 from its previous closing price. On the day, 4.02 million shares were traded.
Ratios:
We take a closer look at NFE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 5.11 whereas as Long-Term Debt/Eq ratio is at 4.75.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 0.73 while its Price-to-Book (P/B) ratio in mrq is 0.90.
Stock Price History:
Over the past 52 weeks, NFE has reached a high of $29.11, while it has fallen to a 52-week low of $4.72. The 50-Day Moving Average of the stock is -17.19%, while the 200-Day Moving Average is calculated to be -42.75%.
Shares Statistics:
A total of 266.46M shares are outstanding, with a floating share count of 178.05M. Insiders hold about 35.06% of the company’s shares, while institutions hold 66.05% stake in the company.
