New Fortress Energy Inc (NFE) concluded trading on Thursday at a closing price of $9.55, with 3.76 million shares of worth about $35.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -67.74% during that period and on September 25, 2024 the price saw a loss of about -4.45%. Currently the company’s common shares owned by public are about 205.00M shares, out of which, 115.65M shares are available for trading.
Stock saw a price change of -10.16% in past 5 days and over the past one month there was a price change of -27.38%. Year-to-date (YTD), NFE shares are showing a performance of -74.69% which decreased to -69.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.17 but also hit the highest price of $40.04 during that period. The average intraday trading volume for New Fortress Energy Inc shares is 3.61 million. The stock is currently trading -14.34% below its 20-day simple moving average (SMA20), while that difference is down -36.10% for SMA50 and it goes to -63.14% lower than SMA200.
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New Fortress Energy Inc (NASDAQ: NFE) currently have 205.00M outstanding shares and institutions hold larger chunk of about 56.98% of that.
The stock has a current market capitalization of $1.96B and its 3Y-monthly beta is at 1.51. PE ratio of stock for trailing 12 months is 8.15, while it has posted earnings per share of $1.17 in the same period. Its PEG reads 0.10 and has Quick Ratio of 0.63 while making debt-to-equity ratio of 4.99. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NFE, volatility over the week remained 7.88% while standing at 7.65% over the month.
Stock’s fiscal year EPS is expected to drop by -83.92% while it is estimated to increase by 281.16% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on March 04, 2024 offering a Hold rating for the stock and assigned a target price range of between $40 and $35 to it. On June 08, 2023, BofA Securities Downgrade their recommendations, while on April 10, 2023, Deutsche Bank Initiated their ratings for the stock with a price target of $60. Stock get a Buy rating from BofA Securities on February 01, 2023.
