The price of New Fortress Energy Inc (NASDAQ: NFE) closed at $28.96 in the last session, down -1.33% from day before closing price of $29.35. In other words, the price has decreased by -$0.39 from its previous closing price. On the day, 1087736 shares were traded.
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 0.51 and its Current Ratio is at 0.57. In the meantime, Its Debt-to-Equity ratio is 4.50 whereas as Long-Term Debt/Eq ratio is at 4.22.
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.
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 May 26 ’23 when Catterall Desmond Iain bought 4,734 shares for $26.54 per share. The transaction valued at 125,640 led to the insider holds 4,734 shares of the business.
Jay Timothy W. bought 2,000 shares of NFE for $55,700 on May 24 ’23. The Director now owns 32,221 shares after completing the transaction at $27.85 per share. On May 24 ’23, another insider, Jay Timothy W., who serves as the Director of the company, bought 250 shares for $28.00 each. As a result, the insider paid 7,000 and bolstered with 8,555 shares of the company.
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 5.94B and an Enterprise Value of 13.16B. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.92, and their Forward P/E ratio for the next fiscal year is 6.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.46 while its Price-to-Book (P/B) ratio in mrq is 3.62. Its current Enterprise Value per Revenue stands at 5.45 whereas that against EBITDA is 11.84.
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 $25.06. The 50-Day Moving Average of the stock is 31.47, while the 200-Day Moving Average is calculated to be 32.01.
Shares Statistics:
According to the various share statistics, NFE traded on average about 1.36M shares per day over the past 3-months and 957.86k shares per day over the past 10 days. A total of 205.00M shares are outstanding, with a floating share count of 105.35M. Insiders hold about 48.62% of the company’s shares, while institutions hold 52.20% stake in the company. Shares short for NFE as of Mar 15, 2024 were 14.06M with a Short Ratio of 9.87, compared to 11.67M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.86% and a Short% of Float of 17.94%.
Dividends & Splits
The forward annual dividend rate for NFE is 0.40, which was 3.40 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 11.58%, it implies a Forward Annual Dividend Yield of 1.35%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.95 for the current quarter, with a high estimate of $1.39 and a low estimate of $0.59, while EPS last year was $0.71. The consensus estimate for the next quarter is $0.9, with high estimates of $1.38 and low estimates of $0.6.
Analysts are recommending an EPS of between $4.7 and $2.18 for the fiscal current year, implying an average EPS of $3.83. EPS for the following year is $3.79, with 7 analysts recommending between $7 and -$0.64.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $739.45M. It ranges from a high estimate of $837.6M to a low estimate of $628.54M. As of the current estimate, New Fortress Energy Inc’s year-ago sales were $579.13M, an estimated increase of 27.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $822.14M, an increase of 46.50% over than the figure of $27.70% in the same quarter last year. There is a high estimate of $895.82M for the next quarter, whereas the lowest estimate is $687.4M.
A total of 4 analysts have provided revenue estimates for NFE’s current fiscal year. The highest revenue estimate was $3.77B, while the lowest revenue estimate was $3.09B, resulting in an average revenue estimate of $3.57B. In the same quarter a year ago, actual revenue was $2.41B, up 47.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $4.41B in the next fiscal year. The high estimate is $5.01B and the low estimate is $3.8B. The average revenue growth estimate for next year is up 23.50% from the average revenue estimate for this year.
