New Fortress Energy Inc (NASDAQ: NFE) on Monday, plunged -1.16% from the previous trading day, before settling in for the closing price of $8.64. Within the past 52 weeks, NFE’s price has moved between $8.20 and $40.04.
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During the last 5-year period, the sales growth of Utilities Sector giant was 96.21%. The company achieved an average annual earnings per share of -82.05%. 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Utilities – Regulated Gas industry stocks is more important than anything else. The insider ownership of New Fortress Energy Inc is 46.43%, while institutional ownership is 49.86%. 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) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.3 earnings per share (EPS) for the period topping the consensus outlook (set at 0.24) by 0.06. 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 -82.05% 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 0.63 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 0.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.17, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 1.29 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 4.43 million, which is a jump from its year-to-date volume of 2.79 million. As of the previous 9 days, the stock’s Stochastic %D was 29.47%. Additionally, its Average True Range was 0.72.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 1.89%, which indicates a significant decrease from 19.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.58% in the past 14 days, which was lower than the 84.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.41, while its 200-day Moving Average is $22.54. However, in the short run, New Fortress Energy Inc’s stock first resistance to watch stands at $8.77. Second resistance stands at $9.00. The third major resistance level sits at $9.25. If the price goes on to break the first support level at $8.28, it is likely to go to the next support level at $8.03. Now, if the price goes above the second support level, the third support stands at $7.80.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
Market capitalization of the company is 2.15 billion based on 205,064K outstanding shares. Right now, sales total 2,413 M and income totals 547,880 K. The company made 428,010 K in profit during its latest quarter, and -88,850 K in sales during its previous quarter.
