New Fortress Energy Inc (NASDAQ: NFE) on Monday, plunged -7.19% from the previous trading day, before settling in for the closing price of $21.98. Within the past 52 weeks, NFE’s price has moved between $20.45 and $40.04.
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Annual sales at Utilities sector company grew by 96.21% over the past five years. The company achieved an average annual earnings per share of -24.51%. With a float of $115.64 million, this company’s outstanding shares have now reached $205.00 million.
Let’s look at the performance matrix of the company that is accounted for 1390 employees.
New Fortress Energy Inc (NFE) Insider and Institutional Ownership
Observing investor behavior towards Utilities – Regulated Gas industry stocks is more important than anything else. The insider ownership of New Fortress Energy Inc is 43.61%, while institutional ownership is 52.35%.
New Fortress Energy Inc (NFE) Latest Financial update
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.58 earnings per share (EPS) for the period topping the consensus outlook (set at 0.48) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.75 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -24.51% per share during the next fiscal year.
New Fortress Energy Inc (NASDAQ: NFE) Trading Performance Indicators
New Fortress Energy Inc (NFE) is currently performing well based on its current performance indicators. A quick ratio of 0.54 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.19, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 3.27 in one year’s time.
Technical Analysis of New Fortress Energy Inc (NFE)
New Fortress Energy Inc (NASDAQ: NFE) saw its 5-day average volume 2.55 million, a positive change from its year-to-date volume of 1.59 million. As of the previous 9 days, the stock’s Stochastic %D was 36.54%. Additionally, its Average True Range was 1.04.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 1.24%, which indicates a significant decrease from 6.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.19% in the past 14 days, which was higher than the 42.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.82, while its 200-day Moving Average is $30.99. Nevertheless, the first resistance level for the watch stands at $21.79 in the near term. At $23.18, the stock is likely to face the second major resistance level. The third major resistance level sits at $23.97. If the price goes on to break the first support level at $19.61, it is likely to go to the next support level at $18.82. The third support level lies at $17.43 if the price breaches the second support level.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
Market capitalization of the company is 4.18 billion based on 205,064K outstanding shares. Right now, sales total 2,413 M and income totals 547,880 K. The company made 690,320 K in profit during its latest quarter, and 54,080 K in sales during its previous quarter.
