New Fortress Energy Inc (NASDAQ: NFE) is -38.76% lower on its value in year-to-date trading and has touched a low of $7.82 and a high of $33.22 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 0.28%.
Currently trading at $9.26, the stock is -13.68% and -29.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.15 million and changing 3.12% at the moment leaves the stock -34.99% off its SMA200. NFE registered -72.46% loss for a year compared to 6-month gain of -16.27%.
The stock witnessed a -24.47% loss in the last 1 month and extending the period to 3 months gives it a -22.58%, and is -5.03% 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 9.97% over the week and 7.79% over the month.
New Fortress Energy Inc (NFE) has around 1404 employees, a market worth around $2.52B and $2.36B in sales. Fwd P/E is 35.01. Profit margin for the company is -11.42%. Distance from 52-week low is 18.41% and -72.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.50%).
with sales reaching $643.48M over the same period.The EPS is expected to grow by 94.24% 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 266.50M, 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
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 200,000 shares of the company’s common stock on Mar 11 ’25 at a price of $8.77 per share for a total of $1.75 million. Following the purchase, the insider now owns 35.92 million shares.
New Fortress Energy Inc disclosed in a document filed with the SEC on Oct 01 ’24 that EDENS WESLEY R (Chief Executive Officer) bought a total of 5,793,742 shares of the company’s common stock. The trade occurred on Oct 01 ’24 and was made at $8.63 per share for $50.0 million. Following the transaction, the insider now directly holds 35.72 million shares of the NFE stock.
