Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
New Fortress Energy Inc (NASDAQ: NFE) closed the day trading at $9.04 down -9.60% from the previous closing price of $10.00. In other words, the price has decreased by -$9.60 from its previous closing price. On the day, 7.88 million shares were traded.
Ratios:
For a better understanding of NFE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.35 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:
As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.01, and their Forward P/E ratio for the next fiscal year is 31.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 1.19.
Stock Price History:
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 -33.18%, while the 200-Day Moving Average is calculated to be -38.80%.
Shares Statistics:
A total of 205.10M shares are outstanding, with a floating share count of 169.36M. Insiders hold about 37.89% of the company’s shares, while institutions hold 65.87% stake in the company.
