New Fortress Energy Inc [NFE] stock is trading at $21.25, up 0.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NFE shares have gain 7.70% over the last week, with a monthly amount drifted -5.05%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
New Fortress Energy Inc [NASDAQ: NFE] stock has seen the most recent analyst activity on March 04, 2024, when Deutsche Bank downgraded its rating to a Hold and also revised its price target to $35 from $40. On June 08, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $31 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $60 on April 10, 2023. BofA Securities initiated its recommendation with a Buy and recommended $67 as its price target on February 01, 2023. BTIG Research upgraded its rating to Buy for this stock on January 31, 2023, but kept the price target unchanged to $50. In a note dated October 19, 2022, Jefferies initiated an Buy rating and provided a target price of $65 on this stock.
New Fortress Energy Inc [NFE] stock has fluctuated between $19.02 and $40.04 over the past year. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. New Fortress Energy Inc [NASDAQ: NFE] shares were valued at $21.25 at the most recent close of the market. An investor can expect a potential return of 83.53% based on the average NFE price forecast.
Analyzing the NFE fundamentals
New Fortress Energy Inc [NASDAQ:NFE] reported sales of 2.52B for the trailing twelve months, which represents a growth of 19.20%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.29 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.95 points at the first support level, and at 20.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.55, and for the 2nd resistance point, it is at 21.84.
Ratios To Look Out For
For context, New Fortress Energy Inc’s Current Ratio is 0.66. Further, the Quick Ratio stands at 0.54, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.73, the price to book ratio is 2.61 and price to earnings (TTM) ratio is 9.69.
