On Friday, New Fortress Energy Inc (NASDAQ: NFE) opened higher 3.26% from the last session, before settling in for the closing price of $24.55. Price fluctuations for NFE have ranged from $24.13 to $40.04 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 96.21% annually for the last half of the decade. Company’s average yearly earnings per share was noted -21.18% at the time writing. With a float of $118.81 million, this company’s outstanding shares have now reached $205.00 million.
In an organization with 1390 employees, it is important to assess its efficiency.
New Fortress Energy Inc (NFE) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Utilities – Regulated Gas industry is another important factor to consider. The insider ownership of New Fortress Energy Inc is 42.06%, while institutional ownership is 52.41%.
New Fortress Energy Inc (NFE) Latest Financial update
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.58 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.48) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.86 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -21.18% per share during the next fiscal year.
New Fortress Energy Inc (NASDAQ: NFE) Trading Performance Indicators
Check out the current performance indicators for New Fortress Energy Inc (NFE). In the past quarter, the stock posted a quick ratio of 0.54. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.19, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 3.48 in one year’s time.
Technical Analysis of New Fortress Energy Inc (NFE)
Let’s dig in a bit further. During the last 5-days, its volume was 1.98 million. That was better than the volume of 1.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.19%. Additionally, its Average True Range was 0.97.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 9.07%, which indicates a significant decrease from 24.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.85% in the past 14 days, which was higher than the 39.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.68, while its 200-day Moving Average is $31.81. However, in the short run, New Fortress Energy Inc’s stock first resistance to watch stands at $25.72. Second resistance stands at $26.08. The third major resistance level sits at $26.66. If the price goes on to break the first support level at $24.78, it is likely to go to the next support level at $24.20. The third support level lies at $23.84 if the price breaches the second support level.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
There are currently 205,064K shares outstanding in the company with a market cap of 5.20 billion. Presently, the company’s annual sales total 2,413 M according to its annual income of 547,880 K. Last quarter, the company’s sales amounted to 690,320 K and its income totaled 54,080 K.
