A share price of New Fortress Energy Inc [NFE] is currently trading at $12.80, down -2.51%. 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 3.14% over the last week, with a monthly amount glided 42.86%, and 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 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 experienced fluctuations in its stock price throughout the past year between $7.82 and $39.26. 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 $12.80 at the most recent close of the market. An investor can expect a potential return of 63.28% based on the average NFE price forecast.
Analyzing the NFE fundamentals
Trailing Twelve Months sales for New Fortress Energy Inc [NASDAQ:NFE] were 2.44B which represents 10.32% growth. 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 of5.12.
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 12.45 points at the first support level, and at 12.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.14, and for the 2nd resistance point, it is at 13.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for New Fortress Energy Inc [NASDAQ:NFE] 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 1.28, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 14.17.
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.
