New Fortress Energy Inc (NFE) Stock Could Soon Reward Patient Investors

New Fortress Energy Inc (NASDAQ: NFE) is -65.81% lower on its value in year-to-date trading and has touched a low of $12.54 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 $12.81 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $12.90, the stock is -17.70% and -32.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.13 million and changing 0.70% at the moment leaves the stock -54.87% off its SMA200. NFE registered -56.97% loss for a year compared to 6-month loss of -59.47%.

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The stock witnessed a -36.58% gain in the last 1 month and extending the period to 3 months gives it a -48.91%, and is -1.15% 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 3.88% over the week and 6.55% over the month.

New Fortress Energy Inc (NFE) has around 1390 employees, a market worth around $2.65B and $2.39B in sales. Current P/E ratio is 11.02 and Fwd P/E is 7.43. Profit margin for the company is 10.13%. Distance from 52-week low is 2.87% and -67.78% from its 52-week high. The company has generated returns on investments over the last 12 months (2.53%).

The EPS is expected to shrink by -82.42% this year.

New Fortress Energy Inc (NFE) Top Institutional Holders

318.0 institutions hold shares in New Fortress Energy Inc (NFE), with institutional investors hold 139.82% of the company’s shares. The shares outstanding are 205.00M, and float is at 115.65M with Short Float at 17.20%. Institutions hold 63.90% of the Float.

The top institutional shareholder in the company is GREAT MOUNTAIN PARTNERS LLC with over 25.56 million shares valued at $561.81 million. The investor’s holdings represent 12.4644% of the NFE Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 17.8 million shares valued at $391.19 million to account for 8.679 of the shares outstanding. The other top investors are FORTRESS INVESTMENT GROUP LLC which holds 13.4 million shares representing 6.5343% and valued at over $294.52 million, while WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC holds 4.6568 of the shares totaling 9.55 million with a market value of $209.9 million.