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As of close of business last night, New Fortress Energy Inc’s stock clocked out at $13.01, up 4.83% from its previous closing price of $12.41. In other words, the price has increased by $4.83 from its previous closing price. On the day, 6.87 million shares were traded. NFE stock price reached its highest trading level at $13.29 during the session, while it also had its lowest trading level at $12.55.
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 3270961408 and an Enterprise Value of 11031131136. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.40, and their Forward P/E ratio for the next fiscal year is 53.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 4.562 whereas that against EBITDA is 12.752.
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 37.52%, while the 200-Day Moving Average is calculated to be -32.24%.
Shares Statistics:
It appears that NFE traded 5.72M shares on average per day over the past three months and 6139680 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 48.09% stake in the company. Shares short for NFE as of 1731628800 were 34687694 with a Short Ratio of 6.07, compared to 1728950400 on 29709847. Therefore, it implies a Short% of Shares Outstanding of 34687694 and a Short% of Float of 27.809998000000004.
Dividends & Splits
With its trailing 12-month dividend rate of 0.4, NFE has a forward annual dividend rate of 0.30. Against a Trailing Annual Dividend Yield of 0.032232072
