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.
New Fortress Energy Inc (NASDAQ: NFE) closed the day trading at $14.37 down -3.23% from the previous closing price of $14.85. In other words, the price has decreased by -$3.23 from its previous closing price. On the day, 5.5 million shares were traded. NFE stock price reached its highest trading level at $14.625 during the session, while it also had its lowest trading level at $13.79.
Ratios:
For a better understanding of NFE, let’s look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 3838514432 and an Enterprise Value of 11310022656. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.91, and their Forward P/E ratio for the next fiscal year is 43.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 1.88. Its current Enterprise Value per Revenue stands at 4.678 whereas that against EBITDA is 13.075.
Stock Price History:
Over the past 52 weeks, NFE has reached a high of $37.58, while it has fallen to a 52-week low of $7.82. The 50-Day Moving Average of the stock is 26.85%, while the 200-Day Moving Average is calculated to be -17.29%.
Shares Statistics:
Over the past 3-months, NFE traded about 5.32M shares per day on average, while over the past 10 days, NFE traded about 5470170 shares per day. 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 48.12% stake in the company. Shares short for NFE as of 1734048000 were 36311325 with a Short Ratio of 6.83, 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
NFE’s forward annual dividend rate is 0.20, up from 0.4 a year ago. Against a Trailing Annual Dividend Yield of 0.026936026
