New Fortress Energy Inc (NASDAQ: NFE) kicked off on Friday, down -2.47% from the previous trading day, before settling in for the closing price of $12.57. Over the past 52 weeks, NFE has traded in a range of $7.82-$35.58.
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During the last 5-year period, the sales growth of Utilities Sector giant was 103.16%. While this was happening, its average annual earnings per share was recorded -99.90%. With a float of $156.16 million, this company’s outstanding shares have now reached $205.10 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Regulated Gas Industry. The insider ownership of New Fortress Energy Inc is 37.89%, while institutional ownership is 51.32%. 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
Take a look at New Fortress Energy Inc’s (NFE) current performance indicators. Last quarter, 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 1.26.
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)
Looking closely at New Fortress Energy Inc (NASDAQ: NFE), its last 5-days average volume was 4.9 million, which is a jump from its year-to-date volume of 4.13 million. As of the previous 9 days, the stock’s Stochastic %D was 2.68%. Additionally, its Average True Range was 0.90.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 50.23%, which indicates a significant increase from 2.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.05% in the past 14 days, which was lower than the 76.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.64, while its 200-day Moving Average is $15.93. However, in the short run, New Fortress Energy Inc’s stock first resistance to watch stands at $12.68. Second resistance stands at $13.09. The third major resistance level sits at $13.37. If the price goes on to break the first support level at $11.99, it is likely to go to the next support level at $11.71. Should the price break the second support level, the third support level stands at $11.30.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
The company with the Market Capitalisation of 3.08 billion has total of 251,419K Shares Outstanding. Its annual sales at the moment are 2,413 M in contrast with the sum of 547,880 K annual income. Company’s last quarter sales were recorded 567,540 K and last quarter income was 9,300 K.
