New Fortress Energy Inc (NFE) concluded trading on Wednesday at a closing price of $10.18, with 5.49 million shares of worth about $55.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -21.09% during that period and on Wednesday the price saw a loss of about -3.05%. Currently the company’s common shares owned by public are about 205.10M shares, out of which, 169.36M shares are available for trading.
Stock saw a price change of -17.57% in past 5 days and over the past one month there was a price change of -29.40%. Year-to-date (YTD), NFE shares are showing a performance of -32.67% which decreased to -68.02% 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 $35.58 during that period. The average intraday trading volume for New Fortress Energy Inc shares is 4.69 million. The stock is currently trading -19.58% below its 20-day simple moving average (SMA20), while that difference is down -25.71% for SMA50 and it goes to -32.28% lower than SMA200.
New Fortress Energy Inc (NASDAQ: NFE) currently have 205.10M outstanding shares and institutions hold larger chunk of about 65.87% of that.
The stock has a current market capitalization of $2.78B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 11.27, 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 5.90% while standing at 5.56% over the month.
Stock’s fiscal year EPS is expected to drop by -95.89% while it is estimated to increase by 28.20% 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.
