New Fortress Energy Inc (NASDAQ: NFE) is -73.76% lower on its value in year-to-date trading and has touched a low of $9.39 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 $9.49 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $9.90, the stock is -13.59% and -35.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.34 million and changing 4.32% at the moment leaves the stock -62.20% off its SMA200. NFE registered -66.78% loss for a year compared to 6-month loss of -67.07%.
The stock witnessed a -22.72% gain in the last 1 month and extending the period to 3 months gives it a -55.47%, and is -18.59% 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 9.18% over the week and 7.53% over the month.
New Fortress Energy Inc (NFE) has around 1390 employees, a market worth around $2.03B and $2.39B in sales. Current P/E ratio is 8.45 and Fwd P/E is 6.10. Profit margin for the company is 10.13%. Distance from 52-week low is 5.43% and -75.27% 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 -83.92% this year.
New Fortress Energy Inc (NFE) Top Institutional Holders
319.0 institutions hold shares in New Fortress Energy Inc (NFE), with institutional investors hold 139.92% of the company’s shares. The shares outstanding are 205.00M, and float is at 115.65M with Short Float at 18.54%. Institutions hold 63.94% 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.
New Fortress Energy Inc (NFE) Insider Activity
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