The stock of New Fortress Energy Inc (NFE) has seen a -24.15% decrease in the past week, with a -36.83% drop in the past month, and a -52.69% decrease in the past quarter. The volatility ratio for the week is 8.54%, and the volatility levels for the past 30 days are at 6.63% for NFE. The simple moving average for the past 20 days is -36.30% for NFE’s stock, with a -55.88% simple moving average for the past 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 11.10x, which is above its average ratio. Moreover, the 36-month beta value for NFE is 1.57. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NFE is 115.64M and currently, short sellers hold a 17.20% of that float. On August 12, 2024, NFE’s average trading volume was 2.50M shares.
NFE) stock’s latest price update
New Fortress Energy Inc (NASDAQ: NFE)’s stock price has plunge by -23.62relation to previous closing price of 17.02. Nevertheless, the company has seen a -24.15% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-09 that New Fortress Energy (NASDAQ:NFE ) Q2 2024 Earnings Conference Call August 9, 2024 8:00 AM ET Company Participants Chance Pipitone – Investor Relations Wesley Edens – Chairman and Chief Executive Officer Andrew Dete – Managing Director Brannen McElmurray – Managing Director and Chief Development Officer Christopher Guinta – Chief Financial Officer Conference Call Participants Benjamin Nolan – Stifel Gregory Lewis – BTIG Craig Shere – Tuohy Brothers Tarek Hamid – JPMorgan Operator Good day and welcome to the NFE Second Quarter 2024 Earnings Call. Today’s conference is being recorded.
Analysts’ Opinion of NFE
Many brokerage firms have already submitted their reports for NFE stocks, with Deutsche Bank repeating the rating for NFE by listing it as a “Hold.” The predicted price for NFE in the upcoming period, according to Deutsche Bank is $35 based on the research report published on March 04, 2024 of the current year 2024.
BofA Securities gave a rating of “Neutral” to NFE, setting the target price at $31 in the report published on June 08th of the previous year.
NFE Trading at -39.01% 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 -67.53% of loss for the given period.
Volatility was left at 6.63%, however, over the last 30 days, the volatility rate increased by 8.54%, as shares sank -38.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.28% lower at present.
During the last 5 trading sessions, NFE fell by -24.15%, which changed the moving average for the period of 200-days by -58.99% in comparison to the 20-day moving average, which settled at $20.00. In addition, New Fortress Energy Inc saw -65.54% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NFE
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.49 for the gross margin
The net margin for New Fortress Energy Inc stands at 0.18. The total capital return value is set at 0.1. Equity return is now at value 15.90, with 2.37 for asset returns.
Based on New Fortress Energy Inc (NFE), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 4.06. The interest coverage ratio of the stock is 2.44.
Currently, EBITDA for the company is 1.12 billion with net debt to EBITDA at 5.78. When we switch over and look at the enterprise to sales, we see a ratio of 3.99. The receivables turnover for the company is 5.35for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
To wrap up, the performance of New Fortress Energy Inc (NFE) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
