A share price of New Fortress Energy Inc [NFE] is currently trading at $8.65, up 1.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NFE shares have gain 3.97% over the last week, with a monthly amount drifted -10.64%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
New Fortress Energy Inc [NASDAQ: NFE] stock has seen the most recent analyst activity on October 03, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $15 from $35. Previously, Deutsche Bank downgraded its rating to Sell on October 01, 2024, and dropped its price target to $7.60. On March 04, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $35 on the stock. CapitalOne started tracking the stock assigning a Equal Weight rating. BofA Securities downgraded its rating to a Neutral and reduced its price target to $31 on June 08, 2023. Deutsche Bank started tracking with a Buy rating for this stock on April 10, 2023, and assigned it a price target of $60. In a note dated February 01, 2023, BofA Securities initiated an Buy rating and provided a target price of $67 on this stock.
New Fortress Energy Inc experienced fluctuations in its stock price throughout the past year between $8.20 and $40.04. Currently, Wall Street analysts expect the stock to reach $25.52 within the next 12 months. New Fortress Energy Inc [NASDAQ: NFE] shares were valued at $8.65 at the most recent close of the market. An investor can expect a potential return of 195.03% based on the average NFE price forecast.
Analyzing the NFE fundamentals
Trailing Twelve Months sales for New Fortress Energy Inc [NASDAQ:NFE] were 2.39B which represents -23.75% decline. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.15 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.67.
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 8.48 points at the first support level, and at 8.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.85, and for the 2nd resistance point, it is at 9.06.
Ratios To Look Out For
To put it in perspective, the Current Ratio for New Fortress Energy Inc [NASDAQ:NFE] is 0.72. As well, the Quick Ratio is 0.63, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 1.14 and price to earnings (TTM) ratio is 7.39.
Transactions by insiders
Recent insider trading involved EDENS WESLEY R, Chief Executive Officer, that happened on Oct 01 ’24 when 5.79 million shares were purchased.
