New Fortress Energy Inc (NASDAQ: NFE) has a higher price-to-earnings ratio of 9.85x compared to its average ratio. NFE has 36-month beta value of 1.53. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for NFE is 156.16M, and currently, short sellers hold a 20.68% ratio of that float. The average trading volume of NFE on November 19, 2024 was 5.20M shares.
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NFE) stock’s latest price update
New Fortress Energy Inc (NASDAQ: NFE)’s stock price has gone rise by 3.97 in comparison to its previous close of 8.56, however, the company has experienced a -9.28% decrease in its stock price over the last five trading days. accesswire.com reported 2024-11-18 that NEW YORK, NY / ACCESSWIRE / November 18, 2024 / If you suffered a loss on your New Fortress Energy Inc. (NASDAQ:NFE) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/new-fortress-energy-inc-lawsuit-submission-form?prid=112477&wire=1 or contact Joseph E. Levi, Esq.
NFE’s Market Performance
New Fortress Energy Inc (NFE) has seen a -9.28% fall in stock performance for the week, with a -2.84% decline in the past month and a -30.63% plunge in the past quarter. The volatility ratio for the week is 7.59%, and the volatility levels for the past 30 days are at 7.29% for NFE. The simple moving average for the past 20 days is 0.76% for NFE’s stock, with a -57.00% simple moving average for the past 200 days.
Analysts’ Opinion of NFE
Many brokerage firms have already submitted their reports for NFE stocks, with Morgan Stanley repeating the rating for NFE by listing it as a “Equal-Weight.” The predicted price for NFE in the upcoming period, according to Morgan Stanley is $15 based on the research report published on October 03, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see NFE reach a price target of $7.60, previously predicting the price at $21. The rating they have provided for NFE stocks is “Sell” according to the report published on October 01st, 2024.
Deutsche Bank gave a rating of “Hold” to NFE, setting the target price at $35 in the report published on March 04th of the current year.
NFE Trading at -5.42% 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 -77.77% of loss for the given period.
Volatility was left at 7.29%, however, over the last 30 days, the volatility rate increased by 7.59%, as shares sank -0.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.66% lower at present.
During the last 5 trading sessions, NFE fell by -9.28%, which changed the moving average for the period of 200-days by -71.88% in comparison to the 20-day moving average, which settled at $8.83. In addition, New Fortress Energy Inc saw -76.41% 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 EDENS WESLEY R, who purchase 5,793,742 shares at the price of $8.63 back on Oct 01 ’24. After this action, EDENS WESLEY R now owns 35,721,915 shares of New Fortress Energy Inc, valued at $49,999,993 using the latest closing price.
Stock Fundamentals for NFE
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.42 for the gross margin
The net margin for New Fortress Energy Inc stands at 0.08. The total capital return value is set at 0.08. Equity return is now at value 12.38, with 1.76 for asset returns.
Based on New Fortress Energy Inc (NFE), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 5.52. The interest coverage ratio of the stock is 1.78.
Currently, EBITDA for the company is 1.13 billion with net debt to EBITDA at 8.12. When we switch over and look at the enterprise to sales, we see a ratio of 4.41. The receivables turnover for the company is 5.61for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.38.
Conclusion
To put it simply, New Fortress Energy Inc (NFE) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
