On Friday, New Fortress Energy Inc (NASDAQ: NFE) was -7.30% drop from the session before settling in for the closing price of $12.05. A 52-week range for NFE has been $7.82 – $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%. When this article was written, the company’s average yearly earnings per share was at -95.89%. With a float of $169.36 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward New Fortress Energy Inc stocks. The insider ownership of New Fortress Energy Inc is 37.90%, while institutional ownership is 65.87%. 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 -95.89% per share during the next fiscal year.
New Fortress Energy Inc (NASDAQ: NFE) Trading Performance Indicators
You can see what New Fortress Energy Inc (NFE) is doing with its current performance indicators. In the most recent 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 1.25.
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 3.96 million, its volume of 2.74 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 26.08%. Additionally, its Average True Range was 0.78.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 37.90%, which indicates a significant increase from 1.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.72% in the past 14 days, which was lower than the 73.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.86, while its 200-day Moving Average is $15.27. Nevertheless, the first resistance level for the watch stands at $11.87 in the near term. At $12.56, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.94. If the price goes on to break the first support level at $10.79, it is likely to go to the next support level at $10.41. Should the price break the second support level, the third support level stands at $9.71.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
There are 272,662K outstanding shares of the company, which has a market capitalization of 3.05 billion. As of now, sales total 2,413 M while income totals 547,880 K. Its latest quarter income was 567,540 K while its last quarter net income were 9,300 K.
