Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, New Fortress Energy Inc’s stock clocked out at $8.98, down -9.02% from its previous closing price of $9.87. In other words, the price has decreased by -$9.02 from its previous closing price. On the day, 8.08 million shares were traded.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 1.18.
Stock Price History:
Over the past 52 weeks, NFE has reached a high of $33.83, while it has fallen to a 52-week low of $7.82. The 50-Day Moving Average of the stock is -32.36%, while the 200-Day Moving Average is calculated to be -37.36%.
Shares Statistics:
A total of 272.66M shares are outstanding, with a floating share count of 169.36M. Insiders hold about 37.89% of the company’s shares, while institutions hold 65.88% stake in the company.
