Ratio Review: Analyzing New Fortress Energy Inc (NFE)’s Price-to-Cash and Price-to-Free Cash Flow

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.

After finishing at $28.86 in the prior trading day, New Fortress Energy Inc (NASDAQ: NFE) closed at $26.55, down -8.00%. In other words, the price has decreased by -$8.00 from its previous closing price. On the day, 3.43 million shares were traded. NFE stock price reached its highest trading level at $29.05 during the session, while it also had its lowest trading level at $26.53.

Ratios:

Our goal is to gain a better understanding of NFE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 0.66. In the meantime, Its Debt-to-Equity ratio is 4.37 whereas as Long-Term Debt/Eq ratio is at 4.12.

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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 5444449280 and an Enterprise Value of 13252748288. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.11, and their Forward P/E ratio for the next fiscal year is 7.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.16 while its Price-to-Book (P/B) ratio in mrq is 3.26. Its current Enterprise Value per Revenue stands at 5.25 whereas that against EBITDA is 11.731.

Stock Price History:

The Beta on a monthly basis for NFE is 1.52, which has changed by -0.03874004 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. 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 -9.00%, while the 200-Day Moving Average is calculated to be -16.94%.

Shares Statistics:

The stock has traded on average 1.53M shares per day over the past 3-months and 2143610 shares per day over the last 10 days, according to various share statistics. A total of 205.00M shares are outstanding, with a floating share count of 105.36M. Insiders hold about 48.62% of the company’s shares, while institutions hold 52.73% stake in the company. Shares short for NFE as of 1714435200 were 13754204 with a Short Ratio of 8.96, compared to 1711584000 on 13459436. Therefore, it implies a Short% of Shares Outstanding of 13754204 and a Short% of Float of 17.549999.

Dividends & Splits

In the trailing 12 months, NFE’s forward annual dividend rate was 0.4, compared to 0.40 this year. Against a Trailing Annual Dividend Yield of 0.013860013

Most Popular

[the_ad id="945"]