The stock of New Fortress Energy Inc. (NFE) has seen a -5.14% decrease in the past week, with a -9.09% drop in the past month, and a -32.32% decrease in the past quarter. The volatility ratio for the week is 4.35%, and the volatility levels for the past 30 days are at 4.10% for NFE. The simple moving average for the last 20 days is -10.06% for NFE stock, with a simple moving average of -37.48% for the last 200 days.
Is It Worth Investing in New Fortress Energy Inc. (NASDAQ: NFE) Right Now?
The price-to-earnings ratio for New Fortress Energy Inc. (NASDAQ: NFE) is above average at 51.57x. The 36-month beta value for NFE is also noteworthy at 1.60. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for NFE is $53.40, which is $28.13 above than the current price. The public float for NFE is 97.43M, and at present, short sellers hold a 6.79% of that float. The average trading volume of NFE on May 26, 2023 was 1.47M shares.
NFE) stock’s latest price update
The stock price of New Fortress Energy Inc. (NASDAQ: NFE) has plunged by -5.79 when compared to previous closing price of 27.81, but the company has seen a -5.14% decline in its stock price over the last five trading sessions. MarketWatch.com reported on 11/15/21 that 5 takeaways from the COP26 climate summit investors need to know
NFE Trading at -9.96% 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 -58.45% of loss for the given period.
Volatility was left at 4.10%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares sank -11.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.10% lower at present.
During the last 5 trading sessions, NFE fell by -5.14%, which changed the moving average for the period of 200-days by -52.29% in comparison to the 20-day moving average, which settled at $28.95. In addition, New Fortress Energy Inc. saw -38.24% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NFE starting from Jay Timothy W., who purchase 2,000 shares at the price of $27.85 back on May 24. After this action, Jay Timothy W. now owns 32,221 shares of New Fortress Energy Inc., valued at $55,700 using the latest closing price.
Jay Timothy W., the Director of New Fortress Energy Inc., purchase 250 shares at $28.00 during a trade that took place back on May 24, which means that Jay Timothy W. is holding 8,555 shares at $7,000 based on the most recent closing price.
Stock Fundamentals for NFE
Current profitability levels for the company are sitting at:
- +34.20 for the present operating margin
- +44.16 for the gross margin
The net margin for New Fortress Energy Inc. stands at +8.21. The total capital return value is set at 12.99, while invested capital returns managed to touch 3.28. Equity return is now at value 6.70, with 1.40 for asset returns.
Based on New Fortress Energy Inc. (NFE), the company’s capital structure generated 379.32 points at debt to equity in total, while total debt to capital is 79.14. Total debt to assets is 63.50, with long-term debt to equity ratio resting at 370.52. Finally, the long-term debt to capital ratio is 77.30.
When we switch over and look at the enterprise to sales, we see a ratio of 3.99, with the company’s debt to enterprise value settled at 0.37. The receivables turnover for the company is 8.95 and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
In summary, New Fortress Energy Inc. (NFE) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
