New Fortress Energy Inc [NFE] stock is trading at $12.41, up 3.76%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NFE shares have gain 16.31% over the last week, with a monthly amount glided 29.41%, 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 December 04, 2024, when Deutsche Bank upgraded its rating to a Hold but kept the price target unchanged to $11 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on October 03, 2024, and dropped its price target to $15. On October 01, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $7.60 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $35 on March 04, 2024. CapitalOne initiated its recommendation with a Equal Weight. BofA Securities downgraded its rating to Neutral for this stock on June 08, 2023, and downed its price target to $31. In a note dated April 10, 2023, Deutsche Bank initiated an Buy rating and provided a target price of $60 on this stock.
New Fortress Energy Inc [NFE] stock has fluctuated between $7.82 and $39.31 over the past year. Currently, Wall Street analysts expect the stock to reach $20.9 within the next 12 months. New Fortress Energy Inc [NASDAQ: NFE] shares were valued at $12.41 at the most recent close of the market. An investor can expect a potential return of 68.41% 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. 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 11.85 points at the first support level, and at 11.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.71, and for the 2nd resistance point, it is at 13.02.
Ratios To Look Out For
For context, New Fortress Energy Inc’s Current Ratio is 0.38. Also, the Quick Ratio is 0.35, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 1.63 and price to earnings (TTM) ratio is 13.74.
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.
