New Fortress Energy Inc. (NASDAQ:NFE) went down by -3.27% from its latest closing price compared to the recent 1-year high of $60.42. The company’s stock price has collected 0.98% of gains in the last five trading sessions. Press Release reported 15 hours ago that New Fortress Energy to Acquire Power Purchase Agreements and Build LNG-to-Power Project at the Suape Port in Brazil
Is It Worth Investing in New Fortress Energy Inc. (NASDAQ :NFE) Right Now?
Opinions of the stock are interesting as 7 analysts out of 10 who provided ratings for New Fortress Energy Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $44.20, which is -$11.62 below the current price. NFE currently public float of 79.47M and currently shorts hold a 2.42% ratio of that float. Today, the average trading volume of NFE was 486.34K shares.
NFE’s Market Performance
NFE stocks went up by 0.98% for the week, with a monthly jump of 7.70% and a quarterly performance of 13.33%, while its annual performance rate touched 262.20%. The volatility ratio for the week stands at 9.06% while the volatility levels for the past 30 days are set at 7.09% for New Fortress Energy Inc.. The simple moving average for the period of the last 20 days is 3.78% for NFE stocks with a simple moving average of 94.48% for the last 200 days.
Analysts’ Opinion of NFE
Many brokerage firms have already submitted their reports for NFE stocks, with Citigroup repeating the rating for NFE by listing it as a “Neutral.” The predicted price for NFE in the upcoming period, according to Citigroup is $40 based on the research report published on October 30th of the previous year 2020.
Stifel, on the other hand, stated in their research note that they expect to see NFE reach a price target of $45. The rating they have provided for NFE stocks is “Hold” according to the report published on October 28th, 2020.
Scotiabank gave a rating of “Sector Outperform” to NFE, setting the target price at $25 in the report published on July 22nd of the previous year.
NFE Trading at 22.12% from the 50-Day Moving Average
After a stumble in the market that brought NFE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.42% of loss for the given period.
Volatility was left at 7.09%, however, over the last 30 days, the volatility rate increased by 9.06%, as shares surge +5.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +56.49% upper at present.
During the last 5 trading sessions, NFE rose by +0.98%, which changed the moving average for the period of 200-days by +453.23% in comparison to the 20-day moving average, which settled at $54.62. In addition, New Fortress Energy Inc. saw 5.50% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NFE starting from NFE SMRS Holdings LLC, who sale 36,060 shares at the price of $37.52 back on Sep 24. After this action, NFE SMRS Holdings LLC now owns 34,701,279 shares of New Fortress Energy Inc., valued at $1,352,971 using the latest closing price.
NFE SMRS Holdings LLC, the 10% Owner of New Fortress Energy Inc., sale 224,903 shares at $34.35 during a trade that took place back on Sep 17, which means that NFE SMRS Holdings LLC is holding 34,737,339 shares at $7,725,418 based on the most recent closing price.
Stock Fundamentals for NFE
Current profitability levels for the company are sitting at:
- -96.23 for the present operating margin
- -15.37 for the gross margin
The net margin for New Fortress Energy Inc. stands at -17.88. The total capital return value is set at -23.30, while invested capital returns managed to touch -6.95. Equity return is now at value -195.50, with -14.00 for asset returns.
Based on New Fortress Energy Inc. (NFE), the company’s capital structure generated 730.94 points at debt to equity in total, while total debt to capital is 87.97. Total debt to assets is 55.16, with long-term debt to equity ratio resting at 730.94. Finally, the long-term debt to capital ratio is 87.97.
When we switch over and look at the enterprise to sales, we see a ratio of 6.30, with the company’s debt to enterprise value settled at 0.52. The receivables turnover for the company is 4.61 and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.06.