New Fortress Energy Inc (NASDAQ: NFE) started the day on Tuesday, with a price increase of 0.53% at $15.12, before settling in for the price of $15.04 at the close. Taking a more long-term approach, NFE posted a 52-week range of $7.82-$38.29.
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The Utilities sector firm’s twelve-monthly sales growth has been 96.21% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is -94.82%. This publicly-traded company’s shares outstanding now amounts to $205.10 million, simultaneously with a float of $156.16 million. The organization now has a market capitalization sitting at $3.82 billion. At the time of writing, stock’s 50-day Moving Average stood at $10.65, while the 200-day Moving Average is $17.74.
New Fortress Energy Inc (NFE) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Utilities – Regulated Gas Industry. New Fortress Energy Inc’s current insider ownership accounts for 37.89%, in contrast to 48.05% institutional ownership. According to the most recent insider trade that took place on Oct 01 ’24, this organization’s Chief Executive Officer bought 5,793,742 shares at the rate of 8.63, making the entire transaction reach 49,999,993 in total value, affecting insider ownership by 35,721,915.
New Fortress Energy Inc (NFE) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
New Fortress Energy Inc’s EPS decrease for this current 12-month fiscal period is -94.82% and is forecasted to reach 0.33 in the upcoming year.
New Fortress Energy Inc (NASDAQ: NFE) Trading Performance Indicators
Let’s observe the current performance indicators for New Fortress Energy Inc (NFE). It’s Quick Ratio in the last reported quarter now stands at 0.35. The Stock has managed to achieve an average true range (ATR) of 0.85. Alongside those numbers, its PE Ratio stands at $16.74, and its Beta score is 1.50. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.56.
In the same vein, NFE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.90, a figure that is expected to reach 0.06 in the next quarter, and analysts are predicting that it will be 0.33 at the market close of one year from today.
Technical Analysis of New Fortress Energy Inc (NFE)
If we take a close look at the recent performances of New Fortress Energy Inc (NASDAQ: NFE), its last 5-days Average volume was 4.53 million that shows progress from its year to date volume of 3.28 million. During the previous 9 days, stock’s Stochastic %D was recorded 92.66% While, its Average True Range was 0.88.
Raw Stochastic average of New Fortress Energy Inc (NFE) in the period of the previous 100 days is set at 89.24%, which indicates a major fall in contrast to 89.89% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 94.19% that was higher than 89.78% volatility it exhibited in the past 100-days period.
