Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of New Fortress Energy Inc (NASDAQ: NFE) closed at $11.88 in the last session, down -7.19% from day before closing price of $12.80. In other words, the price has decreased by -$7.19 from its previous closing price. On the day, 6.73 million shares were traded. NFE stock price reached its highest trading level at $12.68 during the session, while it also had its lowest trading level at $11.66.
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.
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 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 3173385728 and an Enterprise Value of 10799405056. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.15, and their Forward P/E ratio for the next fiscal year is 46.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.19 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 4.466 whereas that against EBITDA is 12.484.
Stock Price History:
Over the past 52 weeks, NFE has reached a high of $39.26, while it has fallen to a 52-week low of $7.82. The 50-Day Moving Average of the stock is 21.14%, while the 200-Day Moving Average is calculated to be -36.46%.
Shares Statistics:
According to the various share statistics, NFE traded on average about 5.80M shares per day over the past 3-months and 6088130 shares per day over the past 10 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 48.05% stake in the company. Shares short for NFE as of 1732838400 were 36492139 with a Short Ratio of 6.29, compared to 1730332800 on 32286305. Therefore, it implies a Short% of Shares Outstanding of 36492139 and a Short% of Float of 29.25.
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 0.03125
