In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $15.36 in the prior trading day, New Fortress Energy Inc (NASDAQ: NFE) closed at $14.42, down -6.12%. In other words, the price has decreased by -$6.12 from its previous closing price. On the day, 4.51 million shares were traded. NFE stock price reached its highest trading level at $15.09 during the session, while it also had its lowest trading level at $14.08.
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 0.35 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:
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 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 3851870464 and an Enterprise Value of 11513038848. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.96, and their Forward P/E ratio for the next fiscal year is 84.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.48 while its Price-to-Book (P/B) ratio in mrq is 1.89. Its current Enterprise Value per Revenue stands at 4.762 whereas that against EBITDA is 13.309.
Stock Price History:
The Beta on a monthly basis for NFE is 1.47, which has changed by -0.5525779 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, NFE has reached a high of $35.58, while it has fallen to a 52-week low of $7.82. The 50-Day Moving Average of the stock is 13.28%, while the 200-Day Moving Average is calculated to be -12.94%.
Shares Statistics:
The stock has traded on average 5.26M shares per day over the past 3-months and 3861050 shares per day over the last 10 days, according to various share statistics. 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 50.05% stake in the company. Shares short for NFE as of 1735603200 were 35118046 with a Short Ratio of 6.68, compared to 1732838400 on 36492139. Therefore, it implies a Short% of Shares Outstanding of 35118046 and a Short% of Float of 25.0.
Dividends & Splits
In the trailing 12 months, NFE’s forward annual dividend rate was 0.4, compared to 0.20 this year. Against a Trailing Annual Dividend Yield of 0.026041668
