New Fortress Energy Inc [NASDAQ: NFE] surged by $2.6 during the normal trading session on while it closed the day at $14.56.
New Fortress Energy Inc stock has also gained 22.56% of its value over the past 7 days. However, NFE stock has inclined by 45.67% in the 3 months of the year. Over the past six months meanwhile, it has lost -30.17% and lost -61.41% year-on date.
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The market cap for NFE stock reached $3.86 billion, with 205.10 million shares outstanding and 156.16 million shares in the current float. Compared to the average trading volume of 5.97M shares, NFE reached a trading volume of 10654216 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about New Fortress Energy Inc [NFE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NFE shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NFE stock is a recommendation set at 1.86. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Deutsche Bank have made an estimate for New Fortress Energy Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 04, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $35 to $15. The new note on the price target was released on October 03, 2024, representing the official price target for New Fortress Energy Inc stock. Previously, the target price had yet another drop from $21 to $7.60, while Deutsche Bank kept a Sell rating on NFE stock. On March 04, 2024, analysts decreased their price target for NFE shares from 40 to 35.
The Average True Range (ATR) for New Fortress Energy Inc is set at 0.91, with the Price to Sales ratio for NFE stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 0.89.
NFE stock trade performance evaluation
New Fortress Energy Inc [NFE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.56. With this latest performance, NFE shares gained by 53.10% in over the last four-week period, additionally sinking by -30.17% over the last 6 months – not to mention a drop of -60.70% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NFE stock in for the last two-week period is set at 72.64, with the RSI for the last a single of trading hit 76.13, and the three-weeks RSI is set at 68.68 for New Fortress Energy Inc [NFE]. The present Moving Average for the last 50 days of trading for this stock 10.11, while it was recorded at 12.27 for the last single week of trading, and 18.18 for the last 200 days.
New Fortress Energy Inc [NFE]: An insightful look at the core fundamentals
New Fortress Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.35 and a Current Ratio set at 0.38.
New Fortress Energy Inc [NFE]: Institutional Ownership
There are presently around $50.53%, or 84.28%% of NFE stock, in the hands of institutional investors. The top three institutional holders of NFE stocks are: GREAT MOUNTAIN PARTNERS LLC with ownership of 25.56 million shares, which is approximately 12.4644%. CAPITAL WORLD INVESTORS, holding 17.8 million shares of the stock with an approximate value of $$391.19 million in NFE stocks shares; and CAPITAL WORLD INVESTORS, currently with $$294.52 million in NFE stock with ownership which is approximately 6.5343%.
