New Fortress Energy Inc (NASDAQ: NFE) is -74.11% lower on its value in year-to-date trading and has touched a low of $8.85 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 $8.98 in the last trading session, with the day’s gains setting it 0.79%.
Currently trading at $9.77, the stock is -9.75% and -32.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.72 million and changing 8.80% at the moment leaves the stock -61.87% off its SMA200. NFE registered -68.56% loss for a year compared to 6-month loss of -68.06%. The firm has a 50-day simple moving average (SMA 50) of $14.0977 and a 200-day simple moving average (SMA200) of $25.484726.
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The stock witnessed a -19.26% gain in the last 1 month and extending the period to 3 months gives it a -55.55%, and is 2.95% up 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 7.32% over the week and 7.76% over the month.
New Fortress Energy Inc (NFE) has around 1390 employees, a market worth around $2.00B and $2.39B in sales. Current P/E ratio is 8.34 and Fwd P/E is 6.01. Profit margin for the company is 10.13%. Distance from 52-week low is 10.40% and -75.60% from its 52-week high. The company has generated returns on investments over the last 12 months (2.53%).
with sales reaching $529.63M over the same period.The EPS is expected to shrink by -83.94% this year, but quarterly earnings will post -4.40% year-over-year. Quarterly sales are estimated to grow 2.90% in year-over-year returns.
New Fortress Energy Inc (NFE) Top Institutional Holders
318.0 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 22.28%. 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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