New Fortress Energy Inc (NASDAQ: NFE) is -61.89% lower on its value in year-to-date trading and has touched a low of $7.82 and a high of $39.26 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 $14.56 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $14.49, the stock is 20.41% and 41.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.52 million and changing -0.48% at the moment leaves the stock -19.88% off its SMA200. NFE registered -61.90% loss for a year compared to 6-month loss of -31.46%. The firm has a 50-day simple moving average (SMA 50) of $10.114 and a 200-day simple moving average (SMA200) of $18.177574.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 47.49% gain in the last 1 month and extending the period to 3 months gives it a 50.58%, and is 20.44% 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 9.21% over the week and 6.97% over the month.
New Fortress Energy Inc (NFE) has around 1390 employees, a market worth around $3.63B and $2.44B in sales. Current P/E ratio is 16.04 and Fwd P/E is 44.21. Profit margin for the company is 7.74%. Distance from 52-week low is 85.29% and -63.09% from its 52-week high. The company has generated returns on investments over the last 12 months (2.10%).
The EPS is expected to shrink by -94.82% this year
303.0 institutions hold shares in New Fortress Energy Inc (NFE), with institutional investors hold 84.28% of the company’s shares. The shares outstanding are 205.10M, and float is at 156.16M with Short Float at 23.25%. Institutions hold 50.53% 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.
