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 12.11% and -73.06% over the past three months. NFE shares are trading -88.01% year to date (YTD), with the 12-month market performance down to -83.47% lower. It has a 12-month low price of $2.01 and touched a high of $26.22 over the same period. NFE has an average intraday trading volume of 11.56 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 -4.82%, -36.66%, and -72.57% 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 $685.45M and a beta (3y monthly) value of 1.18. 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 11.80% over the week and 12.30% over the month.
Earnings per share for the fiscal year are expected to decrease by -30.30%, and 16.02% 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.
Deutsche Bank coverage for the New Fortress Energy Inc (NFE) stock in a research note released on December 04, 2024 offered a Hold rating with a price target of $11. Morgan Stanley was of a view on October 03, 2024 that the stock is Equal-Weight, while Deutsche Bank gave the stock Sell rating on October 01, 2024, issuing a price target of $21- $7.60. Deutsche Bank on their part issued Hold rating on March 04, 2024.
