Currently, there are 205.00M common shares owned by the public and among those 115.65M shares have been available to trade.
The company’s stock has a 5-day price change of -8.18% and -55.44% over the past three months. NFE shares are trading -75.91% year to date (YTD), with the 12-month market performance down to -72.00% lower. It has a 12-month low price of $8.85 and touched a high of $40.04 over the same period. NFE has an average intraday trading volume of 3.74 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.01%, -35.52%, and -64.33% respectively.
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Institutional ownership of New Fortress Energy Inc (NASDAQ: NFE) shares accounts for 56.98% of the company’s 205.00M shares outstanding.
It has a market capitalization of $1.86B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 7.76, while the earnings-per-share (ttm) stands at $1.17. The company has a PEG of 0.10 and a Quick Ratio of 0.63 with the debt-to-equity ratio at 4.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.82% over the week and 8.28% over the month.
Earnings per share for the fiscal year are expected to decrease by -83.94%, and 281.60% over the next financial year.
Looking at the support for the NFE, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on March 04, 2024, with the firm’s price target at $40-$35. BofA Securities was of a view on June 08, 2023 that the stock is Neutral, while Deutsche Bank gave the stock Buy rating on April 10, 2023, issuing a price target of $60. BofA Securities on their part issued Buy rating on February 01, 2023.
