New Fortress Energy Inc (NFE) concluded trading on Tuesday at a closing price of $15.12, with 5.29 million shares of worth about $80.05 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.32% during that period and on December 31, 2024 the price saw a gain of about 0.53%. Currently the company’s common shares owned by public are about 205.10M shares, out of which, 156.16M shares are available for trading.
Stock saw a price change of 3.85% in past 5 days and over the past one month there was a price change of 41.71%. Year-to-date (YTD), NFE shares are showing a performance of -59.93% which decreased to -59.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.82 but also hit the highest price of $38.29 during that period. The average intraday trading volume for New Fortress Energy Inc shares is 6.03 million. The stock is currently trading 17.03% above its 20-day simple moving average (SMA20), while that difference is up 41.91% for SMA50 and it goes to -14.79% lower than SMA200.
New Fortress Energy Inc (NASDAQ: NFE) currently have 205.10M outstanding shares and institutions hold larger chunk of about 48.05% of that.
The stock has a current market capitalization of $3.82B and its 3Y-monthly beta is at 1.50. PE ratio of stock for trailing 12 months is 16.74, while it has posted earnings per share of $0.90 in the same period. It has Quick Ratio of 0.35 while making debt-to-equity ratio of 5.19. 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 5.08% while standing at 6.91% over the month.
Analysts are in expectations that New Fortress Energy Inc (NFE) stock would likely to be making an EPS of 0.03 in the current quarter, while forecast for next quarter EPS is 0.14 and it is 0.47 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.02 which is 0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 1.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -94.82% while it is estimated to increase by 138.92% 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 December 04, 2024 offering a Hold rating for the stock and assigned a target price of $11 to it. Coverage by Morgan Stanley stated New Fortress Energy Inc (NFE) stock as an Equal-weight in their note to investors on October 03, 2024, suggesting a price target of $15 for the stock. On October 01, 2024, Deutsche Bank Downgrade their recommendations, while on March 04, 2024, Deutsche Bank Downgrade their ratings for the stock with a price target of $35. Stock get an Equal weight rating from CapitalOne on December 19, 2023.
