New Fortress Energy Inc [NASDAQ: NFE] loss -3.23% on the last trading session, reaching $14.37 price per share at the time.
If compared to the average trading volume of 5.32M shares, NFE reached a trading volume of 5496984 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 0.87, with the Price to Sales ratio for NFE stock in the period of the last 12 months amounting to 1.48. The Price to Book ratio for the last quarter was 1.88, with the Price to Cash per share for the same quarter was set at 0.94.
Trading performance analysis for NFE stock
New Fortress Energy Inc [NFE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.96. With this latest performance, NFE shares gained by 15.79% in over the last four-week period, additionally sinking by -26.50% over the last 6 months – not to mention a drop of -60.53% 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 58.15, with the RSI for the last a single of trading hit 52.91, and the three-weeks RSI is set at 59.50 for New Fortress Energy Inc [NFE]. The present Moving Average for the last 50 days of trading for this stock 11.33, while it was recorded at 15.40 for the last single week of trading, and 17.37 for the last 200 days.
New Fortress Energy Inc [NFE]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at New Fortress Energy Inc [NFE]
There are presently around $50.50%, or 84.24%% 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%.
