New Fortress Energy Inc (NASDAQ: NFE) is -25.84% lower on its value in year-to-date trading and has touched a low of $25.06 and a high of $40.04 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 $28.40 in the last trading session, with the day’s loss setting it -0.42%.
Currently trading at $27.98, the stock is -6.48% and -10.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -1.48% at the moment leaves the stock -12.62% off its SMA200. NFE registered -9.21% loss for a year compared to 6-month loss of -15.90%.
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The stock witnessed a -10.21% gain in the last 1 month and extending the period to 3 months gives it a -21.87%, and is -4.83% 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 2.61% over the week and 2.99% over the month.
New Fortress Energy Inc (NFE) has around 1390 employees, a market worth around $5.74B and $2.41B in sales. Current P/E ratio is 10.55 and Fwd P/E is 6.10. Profit margin for the company is 22.70%. Distance from 52-week low is 11.65% and -30.12% from its 52-week high. The company has generated returns on investments over the last 12 months (6.40%).
The EPS is expected to grow by 40.95% this year.
New Fortress Energy Inc (NFE) Top Institutional Holders
The shares outstanding are 205.00M, and float is at 105.35M with Short Float at 12.78%.
New Fortress Energy Inc (NFE) Insider Activity
The most recent transaction is an insider purchase by Catterall Desmond Iain,the company’sDirector. SEC filings show that Catterall Desmond Iain bought 4,734 shares of the company’s common stock on May 26 ’23 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 ’23 that Jay Timothy W. (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on May 24 ’23 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 ’23, 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).
