New Fortress Energy Inc (NASDAQ: NFE): Do Not Miss The Gain Train

New Fortress Energy Inc (NFE) concluded trading on Wednesday at a closing price of $10.26, with 3.84 million shares of worth about $39.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.62% during that period and on Wednesday the price saw a gain of about 4.16%. Currently the company’s common shares owned by public are about 266.50M shares, out of which, 177.82M shares are available for trading.

Stock saw a price change of 16.59% in past 5 days and over the past one month there was a price change of -18.64%. Year-to-date (YTD), NFE shares are showing a performance of -32.14% which decreased to -67.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.58 but also hit the highest price of $31.14 during that period. The average intraday trading volume for New Fortress Energy Inc shares is 5.11 million. The stock is currently trading 3.37% above its 20-day simple moving average (SMA20), while that difference is down -17.77% for SMA50 and it goes to -25.52% lower than SMA200.

New Fortress Energy Inc (NASDAQ: NFE) currently have 266.50M outstanding shares and institutions hold larger chunk of about 65.58% of that.

The stock has a current market capitalization of $2.81B and its 3Y-monthly beta is at 1.42. It has posted earnings per share of -$1.27 in the same period. It has Quick Ratio of 0.88 while making debt-to-equity ratio of 5.11. 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 8.37% while standing at 8.73% over the month.

Stock’s fiscal year EPS is expected to rise by 85.75% while it is estimated to increase by 193.48% 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.

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