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The closing price of New Fortress Energy Inc (NASDAQ: NFE) was $16.30 for the day, up 7.80% from the previous closing price of $15.12. In other words, the price has increased by $7.80 from its previous closing price. On the day, 7.14 million shares were traded. NFE stock price reached its highest trading level at $16.32 during the session, while it also had its lowest trading level at $15.32.
Ratios:
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 0.35 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 4354055680 and an Enterprise Value of 11705801728. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.04, and their Forward P/E ratio for the next fiscal year is 49.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 2.14. Its current Enterprise Value per Revenue stands at 4.841 whereas that against EBITDA is 13.532.
Stock Price History:
Over the past 52 weeks, NFE has reached a high of $38.29, while it has fallen to a 52-week low of $7.82. The 50-Day Moving Average of the stock is 50.90%, while the 200-Day Moving Average is calculated to be -7.78%.
Shares Statistics:
NFE traded an average of 6.02M shares per day over the past three months and 5461580 shares per day over the past ten days. A total of 205.10M shares are outstanding, with a floating share count of 156.16M. Insiders hold about 37.89% of the company’s shares, while institutions hold 48.11% stake in the company. Shares short for NFE as of 1734048000 were 36311325 with a Short Ratio of 6.03, compared to 1731628800 on 34687694. Therefore, it implies a Short% of Shares Outstanding of 36311325 and a Short% of Float of 25.85.
Dividends & Splits
With its trailing 12-month dividend rate of 0.4, NFE has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.026455026
