A new trading day began on Friday, with New Fortress Energy Inc (NASDAQ: NFE) stock price down -2.51% from the previous day of trading, before settling in for the closing price of $13.13. NFE’s price has ranged from $7.82 to $39.26 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 96.21% over the past five years. Meanwhile, its annual earnings per share averaged -95.73%. With a float of $156.16 million, this company’s outstanding shares have now reached $205.10 million.
Let’s look at the performance matrix of the company that is accounted for 1390 employees. 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 Updates
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 37.89%, while institutional ownership is 48.05%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -95.73% 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 0.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.90, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.25 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 4.85 million, a positive change from its year-to-date volume of 3.17 million. As of the previous 9 days, the stock’s Stochastic %D was 85.18%. 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 38.04%, which indicates a significant decrease from 80.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.18% in the past 14 days, which was lower than the 84.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.77, while its 200-day Moving Average is $18.81. Nevertheless, the first resistance level for the watch stands at $13.14 in the near term. At $13.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.83. If the price goes on to break the first support level at $12.45, it is likely to go to the next support level at $12.10. Assuming the price breaks the second support level, the third support level stands at $11.76.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
With a market capitalization of 3.14 billion, the company has a total of 251,419K Shares Outstanding. Currently, annual sales are 2,413 M while annual income is 547,880 K. The company’s previous quarter sales were 567,540 K while its latest quarter income was 9,300 K.
