On Friday, New Fortress Energy Inc (NASDAQ: NFE) opened higher 3.76% from the last session, before settling in for the closing price of $11.96. Price fluctuations for NFE have ranged from $7.82 to $39.31 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 96.21%. Company’s average yearly earnings per share was noted -95.96% at the time writing. With a float of $156.16 million, this company’s outstanding shares have now reached $205.10 million.
Considering the fact that the conglomerate employs 1390 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 41.87%, operating margin of 29.11%, and the pretax margin is 11.05%.
New Fortress Energy Inc (NFE) Insider Activity
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 37.89%, while institutional ownership is 48.09%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -95.96% 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 0.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.90, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.24 in one year’s time.
Technical Analysis of New Fortress Energy Inc (NFE)
Compared to the last year’s volume of 3.14 million, its volume of 7.33 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 92.00%. Additionally, its Average True Range was 0.69.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 24.95%, which indicates a significant decrease from 98.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.10% in the past 14 days, which was lower than the 88.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.40, while its 200-day Moving Average is $19.29. Nevertheless, the first resistance level for the watch stands at $12.71 in the near term. At $13.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.57. If the price goes on to break the first support level at $11.85, it is likely to go to the next support level at $11.30. Should the price break the second support level, the third support level stands at $10.99.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
There are currently 251,419K shares outstanding in the company with a market cap of 3.24 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 567,540 K and its income totaled 9,300 K.
