Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
As of close of business last night, New Fortress Energy Inc’s stock clocked out at $14.29, down -1.45% from its previous closing price of $14.50. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 3.49 million shares were traded. NFE stock price reached its highest trading level at $14.67 during the session, while it also had its lowest trading level at $13.96.
Ratios:
To gain a deeper understanding of NFE’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 3817144832 and an Enterprise Value of 11293617152. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.82, and their Forward P/E ratio for the next fiscal year is 43.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 4.671 whereas that against EBITDA is 13.056.
Stock Price History:
The Beta on a monthly basis for NFE is 1.48, which has changed by -0.5899321 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, NFE has reached a high of $36.49, while it has fallen to a 52-week low of $7.82. The 50-Day Moving Average of the stock is 23.59%, while the 200-Day Moving Average is calculated to be -17.02%.
Shares Statistics:
It appears that NFE traded 5.31M shares on average per day over the past three months and 4878870 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 48.13% stake in the company. Shares short for NFE as of 1734048000 were 36311325 with a Short Ratio of 6.62, 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 0.027586207
