New Fortress Energy Inc [NFE] stock prices are up 1.81% to $10.67 at the moment. 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 12.20% over the last week, with a monthly amount glided 23.35%, 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.
The stock price of New Fortress Energy Inc [NFE] has been fluctuating 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 $10.67 at the most recent close of the market. An investor can expect a potential return of 139.18% based on the average NFE price forecast.
Analyzing the NFE fundamentals
The New Fortress Energy Inc [NASDAQ:NFE] reported sales of 2.44B for trailing twelve months, representing a surge 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.12.
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 10.43 points at the first support level, and at 10.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.88, and for the 2nd resistance point, it is at 11.10.
Ratios To Look Out For
It’s worth pointing out that New Fortress Energy Inc [NASDAQ:NFE]’s Current Ratio is 0.38. As well, the Quick Ratio is 0.35, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 1.40 and price to earnings (TTM) ratio is 11.81.
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.
