On Monday, New Fortress Energy Inc (NASDAQ: NFE) opened higher 3.75% from the last session, before settling in for the closing price of $8.00. Price fluctuations for NFE have ranged from $7.82 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 -81.29% at the time writing. With a float of $134.63 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. 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 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 46.45%, while institutional ownership is 49.89%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -81.29% 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 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.17, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 1.31 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 4.71 million. That was better than the volume of 2.83 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 24.06%. Additionally, its Average True Range was 0.64.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 2.61%, which indicates a significant decrease from 25.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.70% in the past 14 days, which was lower than the 85.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.95, while its 200-day Moving Average is $21.89. However, in the short run, New Fortress Energy Inc’s stock first resistance to watch stands at $8.50. Second resistance stands at $8.71. The third major resistance level sits at $8.92. If the price goes on to break the first support level at $8.08, it is likely to go to the next support level at $7.87. The third support level lies at $7.66 if the price breaches the second support level.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
There are currently 205,067K shares outstanding in the company with a market cap of 1.99 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 428,010 K and its income totaled -88,850 K.
