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The price of New Fortress Energy Inc (NASDAQ: NFE) closed at $8.90 in the last session, up 3.97% from day before closing price of $8.56. In other words, the price has increased by $3.97 from its previous closing price. On the day, 4.94 million shares were traded. NFE stock price reached its highest trading level at $9.07 during the session, while it also had its lowest trading level at $8.41.
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 0.35 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.
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:
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 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 2237629184 and an Enterprise Value of 10188305408. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.85, and their Forward P/E ratio for the next fiscal year is 14.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 4.214 whereas that against EBITDA is 11.778.
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 $7.82. The 50-Day Moving Average of the stock is -5.42%, while the 200-Day Moving Average is calculated to be -57.00%.
Shares Statistics:
According to the various share statistics, NFE traded on average about 5.20M shares per day over the past 3-months and 6397560 shares per day over the past 10 days. A total of 205.00M shares are outstanding, with a floating share count of 156.16M. Insiders hold about 37.89% of the company’s shares, while institutions hold 48.07% stake in the company. Shares short for NFE as of 1730332800 were 32286305 with a Short Ratio of 6.21, compared to 1727654400 on 24762800. Therefore, it implies a Short% of Shares Outstanding of 32286305 and a Short% of Float of 25.88.
Dividends & Splits
The forward annual dividend rate for NFE is 0.30, which was 0.4 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.04672897
