New Fortress Energy Inc (NFE) Volatility At 3.38%, Should You Add A Position?

New Fortress Energy Inc (NASDAQ: NFE) is -15.21% lower on its value in year-to-date trading and has touched a low of $25.06 and a high of $40.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NFE stock was last observed hovering at around $32.03 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $31.99, the stock is -4.62% and -10.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing -0.12% at the moment leaves the stock 1.64% off its SMA200. NFE registered -21.07% loss for a year compared to 6-month gain of 7.24%. The firm has a 50-day simple moving average (SMA 50) of $5.91 and a 200-day simple moving average (SMA200) of $14.44.

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The stock witnessed a -13.80% loss in the last 1 month and extending the period to 3 months gives it a 15.74%, and is -1.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.38% over the week and 3.43% over the month.

New Fortress Energy Inc (NFE) has around 577 employees, a market worth around $6.56B and $2.20B in sales. Current P/E ratio is 16.82 and Fwd P/E is 7.26. Profit margin for the company is 17.93%. Distance from 52-week low is 27.65% and -21.88% from its 52-week high. The company has generated returns on investments over the last 12 months (5.16%).

New Fortress Energy Inc quarterly earnings per share for the current quarter are estimated at $0.83 with sales reaching $657.72M over the same period.The EPS is expected to grow by 164.20% this year, but quarterly earnings will post -0.40% year-over-year. Quarterly sales are estimated to grow 20.40% in year-over-year returns.

338 institutions hold shares in New Fortress Energy Inc (NFE), with institutional investors hold 124.83% of the company’s shares. The shares outstanding are 208.80M, and float is at 104.60M with Short Float at 11.17%. Institutions hold 57.05% of the Float.

The top institutional shareholder in the company is Great Mountain Partners LLC with over 25.56 million shares valued at $684.49 million. The investor’s holdings represent 12.47% of the NFE Shares outstanding. As of Jun 29, 2023, the second largest holder is Fortress Investment Group LLC with 13.4 million shares valued at $358.83 million to account for 6.54% of the shares outstanding. The other top investors are Capital World Investors which holds 10.78 million shares representing 5.26% and valued at over $288.76 million, while Vanguard Group Inc holds 2.93% of the shares totaling 6.0 million with a market value of $160.66 million.

New Fortress Energy Inc (NFE) Insider Activity

A total of 0 insider transactions have happened at New Fortress Energy Inc (NFE) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Catterall Desmond Iain, the company’s Director. SEC filings show that Catterall Desmond Iain bought 4,734 shares of the company’s common stock on May 26 at a price of $26.54 per share for a total of $0.13 million. Following the purchase, the insider now owns 4734.0 shares.

New Fortress Energy Inc disclosed in a document filed with the SEC on May 24 that Jay Timothy W. (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on May 24 and was made at $27.85 per share for $55700.0. Following the transaction, the insider now directly holds 32221.0 shares of the NFE stock.

Still, SEC filings show that on May 24, Jay Timothy W. (Director) acquired 250 shares at an average price of $28.00 for $7000.0. The insider now directly holds 8,555 shares of New Fortress Energy Inc (NFE).