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The closing price of New Fortress Energy Inc (NASDAQ: NFE) was $14.51 for the day, up 0.14% from the previous closing price of $14.49. In other words, the price has increased by $0.14 from its previous closing price. On the day, 5.01 million shares were traded. NFE stock price reached its highest trading level at $14.88 during the session, while it also had its lowest trading level at $14.055.
Ratios:
Our analysis of NFE’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3875911168 and an Enterprise Value of 10815810560. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.06, and their Forward P/E ratio for the next fiscal year is 44.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.49 while its Price-to-Book (P/B) ratio in mrq is 1.90. Its current Enterprise Value per Revenue stands at 4.473 whereas that against EBITDA is 12.503.
Stock Price History:
Over the past 52 weeks, NFE has reached a high of $39.26, while it has fallen to a 52-week low of $7.82. The 50-Day Moving Average of the stock is 40.63%, while the 200-Day Moving Average is calculated to be -19.37%.
Shares Statistics:
NFE traded an average of 6.09M shares per day over the past three months and 5470890 shares per day over the past ten 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 48.05% stake in the company. Shares short for NFE as of 1732838400 were 36492139 with a Short Ratio of 5.96, compared to 1730332800 on 32286305. Therefore, it implies a Short% of Shares Outstanding of 36492139 and a Short% of Float of 29.25.
Dividends & Splits
With its trailing 12-month dividend rate of 0.4, NFE has a forward annual dividend rate of 0.20. Against a Trailing Annual Dividend Yield of 0.027605247
