New Fortress Energy Inc [NFE] stock is trading at $9.18, up 0.99%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NFE shares have gain 2.46% over the last week, with a monthly amount glided 6.99%, and 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 [NFE] stock has fluctuated between $7.82 and $40.04 over the past year. 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 $9.18 at the most recent close of the market. An investor can expect a potential return of 178.0% based on the average NFE price forecast.
Analyzing the NFE fundamentals
New Fortress Energy Inc [NASDAQ:NFE] reported sales of 2.44B for the trailing twelve months, which represents a growth of 10.32%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.12 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.2.
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 8.91 points at the first support level, and at 8.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.34, and for the 2nd resistance point, it is at 9.49.
Ratios To Look Out For
For context, New Fortress Energy Inc’s Current Ratio is 0.38. In addition, the Quick Ratio stands at 0.35 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 0.94, the price to book ratio is 1.20 and price to earnings (TTM) ratio is 10.16.
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.
