New Fortress Energy Inc (NASDAQ: NFE) is -35.52% lower on its value in year-to-date trading and has touched a low of $7.82 and a high of $34.40 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 $9.04 in the last trading session, with the day’s gains setting it 0.71%.
Currently trading at $9.75, the stock is -15.78% and -27.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.56 million and changing 7.85% at the moment leaves the stock -33.56% off its SMA200. NFE registered -72.26% loss for a year compared to 6-month gain of -21.24%.
The stock witnessed a -35.00% loss in the last 1 month and extending the period to 3 months gives it a -6.97%, and is -7.14% 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 11.14% over the week and 7.17% over the month.
New Fortress Energy Inc (NFE) has around 1390 employees, a market worth around $2.66B and $2.36B in sales. Fwd P/E is 18.25. Profit margin for the company is -11.42%. Distance from 52-week low is 24.68% and -71.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.00%).
with sales reaching $643.48M over the same period.The EPS is expected to grow by 127.97% this year, but quarterly earnings will post 26.55% year-over-year. Quarterly sales are estimated to shrink -6.79% in year-over-year returns.
New Fortress Energy Inc (NFE) Top Institutional Holders
The shares outstanding are 272.66M, and float is at 169.36M with Short Float at 19.05%.
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 12.4639% 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 8.6787 of the shares outstanding. The other top investors are FORTRESS INVESTMENT GROUP LLC which holds 13.4 million shares representing 6.534% and valued at over $294.52 million, while WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC holds 4.6566 of the shares totaling 9.55 million with a market value of $209.9 million.
New Fortress Energy Inc (NFE) Insider Activity
A total of 0 insider transactions have happened at New Fortress Energy Inc (NFE) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by EDENS WESLEY R,the company’sChief 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.
