New Fortress Energy Inc (NASDAQ: NFE) is -75.91% lower on its value in year-to-date trading and has touched a low of $7.82 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 $8.90 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $9.09, the stock is 2.62% and -3.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.0 million and changing 2.13% at the moment leaves the stock -55.84% off its SMA200. NFE registered -74.94% loss for a year compared to 6-month loss of -66.76%. The firm has a 50-day simple moving average (SMA 50) of $9.4097 and a 200-day simple moving average (SMA200) of $20.696224.
The stock witnessed a 1.91% gain in the last 1 month and extending the period to 3 months gives it a -30.34%, and is -3.19% 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 7.31% over the week and 7.25% over the month.
New Fortress Energy Inc (NFE) has around 1390 employees, a market worth around $2.29B and $2.44B in sales. Current P/E ratio is 10.06 and Fwd P/E is 14.33. Profit margin for the company is 7.74%. Distance from 52-week low is 16.24% and -77.30% from its 52-week high. The company has generated returns on investments over the last 12 months (2.10%).
with sales reaching $596.73M over the same period.The EPS is expected to shrink by -94.20% this year, but quarterly earnings will post -5.96% year-over-year. Quarterly sales are estimated to shrink -21.31% in year-over-year returns.
New Fortress Energy Inc (NFE) Top Institutional Holders
307.0 institutions hold shares in New Fortress Energy Inc (NFE), with institutional investors hold 93.33% of the company’s shares. The shares outstanding are 205.00M, and float is at 156.16M with Short Float at 20.68%. Institutions hold 53.62% 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
The most recent transaction is an insider purchase by EDENS WESLEY R, the company’s Chief Executive Officer. SEC filings show that EDENS WESLEY R bought 5,793,742 shares of the company’s common stock on Oct 01 ’24 at a price of $8.63 per share for a total of $50.0 million. Following the purchase, the insider now owns 35.72 million shares.
