A new trading day began on Monday, with New Fortress Energy Inc (NASDAQ: NFE) stock price up 4.76% from the previous day of trading, before settling in for the closing price of $1.05. NFE’s price has ranged from $1.04 to $16.66 over the past 52 weeks.
A company in the Energy sector has jumped its sales by 5.11% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -230.40%. With a float of $188.98 million, this company’s outstanding shares have now reached $274.20 million.
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 Oil & Gas Midstream Industry. The insider ownership of New Fortress Energy Inc is 33.59%, while institutional ownership is 60.49%. The most recent insider transaction that took place on Mar 13 ’25, was worth 42,850. In this transaction Chief Financial Officer of this company bought 5,000 shares at a rate of $8.57, taking the stock ownership to the 206,653 shares. Before that another transaction happened on Mar 12 ’25, when Company’s Chief Executive Officer bought 100,000 for $9.07, making the entire transaction worth $907,000. This insider now owns 36,021,915 shares in total.
New Fortress Energy Inc (NFE) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.05 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.78 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -230.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.72% during the next five years compared to 5.11% growth over the previous five years of trading.
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 0.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.84, a number that is poised to hit -0.76 in the next quarter and is forecasted to reach -1.56 in one year’s time.
Technical Analysis of New Fortress Energy Inc (NFE)
Let’s dig in a bit further. During the last 5-days, its volume was 11.76 million. That was inferior than the volume of 11.97 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.21%.
During the past 100 days, New Fortress Energy Inc’s (NFE) raw stochastic average was set at 3.10%, which indicates a significant decrease from 15.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.1806 in the past 14 days, which was lower than the 0.3054 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7828, while its 200-day Moving Average is $4.7140. However, in the short run, New Fortress Energy Inc’s stock first resistance to watch stands at $1.1412. Second resistance stands at $1.1823. The third major resistance level sits at $1.2647. If the price goes on to break the first support level at $1.0177, it is likely to go to the next support level at $0.9353. Assuming the price breaks the second support level, the third support level stands at $0.8942.
New Fortress Energy Inc (NASDAQ: NFE) Key Stats
With a market capitalization of 313.01 million, the company has a total of 284,553K Shares Outstanding. Currently, annual sales are 2,365 M while annual income is -249,040 K. The company’s previous quarter sales were 301,690 K while its latest quarter income was -554,630 K.
