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The price of New Fortress Energy Inc (NASDAQ: NFE) closed at $11.29 in the last session, down -7.15% from day before closing price of $12.16. In other words, the price has decreased by -$7.15 from its previous closing price. On the day, 2.47 million shares were traded. NFE stock price reached its highest trading level at $12.31 during the session, while it also had its lowest trading level at $11.22.
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 0.63 and its Current Ratio is at 0.72. In the meantime, Its Debt-to-Equity ratio is 4.99 whereas as Long-Term Debt/Eq ratio is at 4.77.
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, Deutsche Bank on March 04, 2024, Downgraded its rating to Hold and sets its target price to $35 from $40 previously.
BofA Securities Downgraded its Buy to Neutral on June 08, 2023, whereas the target price for the stock was revised from $59 to $31.
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 2493611008 and an Enterprise Value of 10678416384. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.64, and their Forward P/E ratio for the next fiscal year is 6.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.97 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 4.531 whereas that against EBITDA is 11.254.
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 $9.44. The 50-Day Moving Average of the stock is -30.04%, while the 200-Day Moving Average is calculated to be -57.80%.
Shares Statistics:
According to the various share statistics, NFE traded on average about 3.56M shares per day over the past 3-months and 3164150 shares per day over the past 10 days. A total of 205.00M shares are outstanding, with a floating share count of 115.65M. Insiders hold about 43.60% of the company’s shares, while institutions hold 56.98% stake in the company. Shares short for NFE as of 1724976000 were 21439309 with a Short Ratio of 6.02, compared to 1722384000 on 19890314. Therefore, it implies a Short% of Shares Outstanding of 21439309 and a Short% of Float of 27.35.
Dividends & Splits
The forward annual dividend rate for NFE is 0.40, which was 0.4 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.032894738
