A new trading day began on Monday, with New Fortress Energy Inc (NASDAQ: NFE) stock price down -2.62% from the previous day of trading, before settling in for the closing price of $9.16. NFE’s price has ranged from $8.20 to $40.04 over the past 52 weeks.
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During the last 5-year period, the sales growth of Utilities Sector giant was 96.21%. Meanwhile, its annual earnings per share averaged -82.62%. With a float of $134.69 million, this company’s outstanding shares have now reached $205.00 million.
Let’s determine the extent of company efficiency that accounts for 1390 employees. In terms of profitability, gross margin is 44.81%, operating margin of 32.69%, and the pretax margin is 14.34%.
New Fortress Energy Inc (NFE) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Gas Industry. The insider ownership of New Fortress Energy Inc is 46.43%, while institutional ownership is 49.91%. The most recent insider transaction that took place on Oct 01 ’24, was worth 49,999,993. In this transaction Chief Executive Officer of this company bought 5,793,742 shares at a rate of $8.63, taking the stock ownership to the 35,721,915 shares.
New Fortress Energy Inc (NFE) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.3 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -82.62% per share during the next fiscal year.
New Fortress Energy Inc (NASDAQ: NFE) Trading Performance Indicators
Here are New Fortress Energy Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.17, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 1.28 in one year’s time.
Technical Analysis of New Fortress Energy Inc (NFE)
Looking closely at New Fortress Energy Inc (NASDAQ: NFE), its last 5-days average volume was 4.34 million, which is a jump from its year-to-date volume of 2.75 million. As of the previous 9 days, the stock’s Stochastic %D was 29.34%. Additionally, its Average True Range was 0.81.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 4.00%, which indicates a significant decrease from 21.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.26% in the past 14 days, which was lower than the 84.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.90, while its 200-day Moving Average is $23.24. However, in the short run, New Fortress Energy Inc’s stock first resistance to watch stands at $9.27. Second resistance stands at $9.62. The third major resistance level sits at $9.82. If the price goes on to break the first support level at $8.72, it is likely to go to the next support level at $8.52. Should the price break the second support level, the third support level stands at $8.17.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
With a market capitalization of 2.24 billion, the company has a total of 205,064K Shares Outstanding. Currently, annual sales are 2,413 M while annual income is 547,880 K. The company’s previous quarter sales were 428,010 K while its latest quarter income was -88,850 K.
