New Fortress Energy Inc [NFE] stock prices are up 7.88% to $9.99 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 11.25% over the last week, with a monthly amount drifted -15.55%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of New Fortress Energy Inc [NFE] has been fluctuating between $7.58 and $31.89 over the past year. Currently, Wall Street analysts expect the stock to reach $13.3 within the next 12 months. New Fortress Energy Inc [NASDAQ: NFE] shares were valued at $9.99 at the most recent close of the market. An investor can expect a potential return of 33.13% based on the average NFE price forecast.
Analyzing the NFE fundamentals
The New Fortress Energy Inc [NASDAQ:NFE] reported sales of 2.36B for trailing twelve months, representing a drop of -10.46%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.15 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.06.
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 9.55 points at the first support level, and at 9.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.22, and for the 2nd resistance point, it is at 10.44.
Ratios To Look Out For
It’s worth pointing out that New Fortress Energy Inc [NASDAQ:NFE]’s Current Ratio is 0.94. As well, the Quick Ratio is 0.88, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 1.42.
Transactions by insiders
Recent insider trading involved Guinta Christopher S., Chief Financial Officer, that happened on Mar 13 ’25 when 5000.0 shares were purchased. Chief Executive Officer, EDENS WESLEY R completed a deal on Mar 12 ’25 to buy 100000.0 shares. Meanwhile, Chief Executive Officer EDENS WESLEY R bought 0.2 million shares on Mar 11 ’25.
