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The price of New Fortress Energy Inc (NASDAQ: NFE) closed at $15.59 in the last session, down -0.19% from day before closing price of $15.62. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 3.28 million shares were traded. NFE stock price reached its highest trading level at $15.95 during the session, while it also had its lowest trading level at $15.22.
Ratios:
We take a closer look at NFE’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 4164400896 and an Enterprise Value of 11560204288. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.26, and their Forward P/E ratio for the next fiscal year is 85.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 4.781 whereas that against EBITDA is 13.364.
Stock Price History:
The Beta on a monthly basis for NFE is 1.48, which has changed by -0.5280967 over the last 52 weeks, in comparison to a change of 0.24359846 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 25.91%, while the 200-Day Moving Average is calculated to be -7.10%.
Shares Statistics:
According to the various share statistics, NFE traded on average about 5.30M shares per day over the past 3-months and 4336830 shares per day over the past 10 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 50.03% stake in the company. Shares short for NFE as of 1735603200 were 35118046 with a Short Ratio of 6.63, 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
The forward annual dividend rate for NFE is 0.20, which was 0.4 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.025608195
