The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
New Fortress Energy Inc (NASDAQ: NFE) closed the day trading at $26.90 down -0.77% from the previous closing price of $27.11. In other words, the price has decreased by -$0.77 from its previous closing price. On the day, 2.02 million shares were traded. NFE stock price reached its highest trading level at $27.2 during the session, while it also had its lowest trading level at $26.61.
Ratios:
For a better understanding of NFE, let’s look at its different ratios. 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:
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 5558696960 and an Enterprise Value of 12871953408. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.14, and their Forward P/E ratio for the next fiscal year is 6.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.29 while its Price-to-Book (P/B) ratio in mrq is 3.36. Its current Enterprise Value per Revenue stands at 5.334 whereas that against EBITDA is 11.508.
Stock Price History:
The Beta on a monthly basis for NFE is 1.53, which has changed by -0.05514574 over the last 52 weeks, in comparison to a change of 0.24191546 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 -11.92%, while the 200-Day Moving Average is calculated to be -16.09%.
Shares Statistics:
Over the past 3-months, NFE traded about 1.37M shares per day on average, while over the past 10 days, NFE traded about 1323300 shares per day. 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 52.23% stake in the company. Shares short for NFE as of 1713139200 were 13297895 with a Short Ratio of 9.74, compared to 1710460800 on 14061465. Therefore, it implies a Short% of Shares Outstanding of 13297895 and a Short% of Float of 16.97.
Dividends & Splits
NFE’s forward annual dividend rate is 0.40, up from 3.4 a year ago. Against a Trailing Annual Dividend Yield of 0.12541498
Earnings Estimates
Its stock is currently analyzed by 7.0 different market analysts. On average, analysts expect EPS of $0.89 for the current quarter, with a high estimate of $1.03 and a low estimate of $0.72, while EPS last year was $0.71. The consensus estimate for the next quarter is $0.84, with high estimates of $1.38 and low estimates of $0.56.
Analysts are recommending an EPS of between $4.7 and $2.18 for the fiscal current year, implying an average EPS of $3.49. EPS for the following year is $3.57, with 7.0 analysts recommending between $5.98 and -$0.64.
Revenue Estimates
3 analysts predict $711.61M in revenue for the current quarter. 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 $579.13MFor the next quarter, 3 analysts are estimating revenue of $814.81M. There is a high estimate of $895.82M for the next quarter, whereas the lowest estimate is $665.4M.
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 $2.95B, resulting in an average revenue estimate of $3.53B. In the same quarter a year ago, actual revenue was $2.41BBased on 4 analysts’ estimates, the company’s revenue will be $4.4B in the next fiscal year. The high estimate is $5.01B and the low estimate is $3.79B.
