New Fortress Energy Inc [NASDAQ: NFE] surged by $11299997.85 during the normal trading session on Friday and reaching a high of $2.63 during the day while it closed the day at $11300000.0.
New Fortress Energy Inc stock has also loss -25.42% of its value over the past 7 days. However, NFE stock has declined by -78.45% in the 3 months of the year. Over the past six months meanwhile, it has lost -81.23% and lost -89.53% year-on date.
The market cap for NFE stock reached $611.42 million, with 273.80 million shares outstanding and 178.04 million shares in the current float. Compared to the average trading volume of 11.30M shares, NFE reached a trading volume of 28940304 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 $8.50 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 2.00. 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 Price to Book ratio for the last quarter was 0.35, with the Price to Cash per share for the same quarter was set at 3.02.
NFE stock trade performance evaluation
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 -25.42. With this latest performance, NFE shares dropped by -27.12% in over the last four-week period, additionally sinking by -81.23% over the last 6 months – not to mention a drop of -85.25% in the past year of trading.
New Fortress Energy Inc [NFE]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and New Fortress Energy Inc [NFE] shares currently have an operating margin of 17.51% and a Gross Margin at 30.29%. New Fortress Energy Inc’s Net Margin is presently recorded at -24.44%.
Return on Equity for this stock declined to -4.19%, with Return on Assets sitting at -4.19%.
Earnings per share (EPS) analysis for New Fortress Energy Inc [NFE] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NFE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New Fortress Energy Inc go to -13.60%.
New Fortress Energy Inc [NFE]: Institutional Ownership
There are presently around $77.14%, or 126.73%% 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 12.4639%. 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 6.534%.
