New Fortress Energy Inc (NASDAQ: NFE) on Tuesday, plunged -5.71% from the previous trading day, before settling in for the closing price of $14.88. Within the past 52 weeks, NFE’s price has moved between $7.82 and $35.58.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 103.16%. The company achieved an average annual earnings per share of -99.90%. 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
Observing investor behavior towards Utilities – Regulated Gas industry stocks is more important than anything else. The insider ownership of New Fortress Energy Inc is 37.89%, while institutional ownership is 50.24%. 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 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -99.90% 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 0.35 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 1.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.90, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.14 in one year’s time.
Technical Analysis of New Fortress Energy Inc (NFE)
Compared to the last year’s volume of 3.86 million, its volume of 2.46 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 24.38%. Additionally, its Average True Range was 0.88.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 70.25%, which indicates a significant increase from 2.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.14% in the past 14 days, which was lower than the 77.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.44, while its 200-day Moving Average is $16.16. Nevertheless, the first resistance level for the watch stands at $14.66 in the near term. At $15.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.64. If the price goes on to break the first support level at $13.68, it is likely to go to the next support level at $13.32. Should the price break the second support level, the third support level stands at $12.70.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
Market capitalization of the company is 3.53 billion based on 251,419K outstanding shares. Right now, sales total 2,413 M and income totals 547,880 K. The company made 567,540 K in profit during its latest quarter, and 9,300 K in sales during its previous quarter.
