Currently, there are 273.80M common shares owned by the public and among those 178.04M shares have been available to trade.
The company’s stock has a 5-day price change of -15.20% and -73.43% over the past three months. NFE shares are trading -81.55% year to date (YTD), with the 12-month market performance down to -89.44% lower. It has a 12-month low price of $2.26 and touched a high of $26.22 over the same period. NFE has an average intraday trading volume of 10.23 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 -41.79%, -56.58%, and -72.73% respectively.
Institutional ownership of New Fortress Energy Inc (NASDAQ: NFE) shares accounts for 72.97% of the company’s 273.80M shares outstanding.
It has a market capitalization of $764.96M and a beta (3y monthly) value of 1.30. The earnings-per-share (ttm) stands at -$2.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.74% over the week and 23.82% over the month.
Analysts forecast that New Fortress Energy Inc (NFE) will achieve an EPS of -0.34 for the current quarter, -0.25 for the next quarter and -0.06 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.34 while analysts give the company a high EPS estimate of -0.34. Comparatively, EPS for the current quarter was -0.41 a year ago. Earnings per share for the fiscal year are expected to decrease by -16.94%, and 20.11% over the next financial year. EPS should shrink at an annualized rate of -13.60% over the next five years, compared to 5.11% over the past 5-year period.
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 December 04, 2024, with the firm’s price target at $11. Morgan Stanley coverage for the New Fortress Energy Inc (NFE) stock in a research note released on October 03, 2024 offered a Equal-Weight rating with a price target of $15. Deutsche Bank was of a view on October 01, 2024 that the stock is Sell, while Deutsche Bank gave the stock Hold rating on March 04, 2024, issuing a price target of $40- $35. CapitalOne on their part issued Equal Weight rating on December 19, 2023.
