New Fortress Energy Inc (NFE) concluded trading on Wednesday at a closing price of $14.37, with 5.5 million shares of worth about $78.99 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.50% during that period and on January 08, 2025 the price saw a loss of about -3.23%. 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 -4.96% in past 5 days and over the past one month there was a price change of 15.79%. Year-to-date (YTD), NFE shares are showing a performance of -4.96% which decreased to -60.53% 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 $37.58 during that period. The average intraday trading volume for New Fortress Energy Inc shares is 5.32 million. The stock is currently trading 4.08% above its 20-day simple moving average (SMA20), while that difference is up 26.85% for SMA50 and it goes to -17.29% lower than SMA200.
New Fortress Energy Inc (NASDAQ: NFE) currently have 205.10M outstanding shares and institutions hold larger chunk of about 48.12% of that.
The stock has a current market capitalization of $3.61B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 15.91, 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 5.57% while standing at 6.60% over the month.
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.
