New Fortress Energy Inc (NASDAQ:NFE) shares, rose in value on Thursday, December 12, with the stock price down by -0.91% to the previous day’s close as strong demand from buyers drove the stock to $13.13.
Actively observing the price movement in the last trading, the stock closed the session at $13.25, falling within a range of $12.4345 and $13.245. The value of beta (5-year monthly) was 1.51 whereas the PE ratio was 14.53 over 12-month period. Referring to stock’s 52-week performance, its high was $39.26, and the low was $7.82. On the whole, NFE has fluctuated by 39.83% over the past month.
With the market capitalization of New Fortress Energy Inc currently standing at about $3.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 2.28%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NFE’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of NFE currently trading nearly 22.62% and 35.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.75, while the 7-day volatility ratio is showing 6.33% which for the 30-day chart, stands at 6.39%. Furthermore, New Fortress Energy Inc (NFE)’s beta value is 1.58, and its average true range (ATR) is 0.72.
A comparison of New Fortress Energy Inc (NFE) with its peers suggests the former has fared considerably weaker in the market. NFE showed an intraday change of -0.91% in last session, and over the past year, it shrunk by -64.00%%.
Data on historical trading for New Fortress Energy Inc (NASDAQ:NFE) indicates that the trading volumes over the past 10 days have averaged 6.46 and over the past 3 months, they’ve averaged 5.77 million. According to company’s latest data on outstanding shares, there are 205.10 million shares outstanding.
Nearly 37.89% of New Fortress Energy Inc’s shares belong to company insiders and institutional investors own 48.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 36.49 million shares as on 2024-11-29, resulting in a short ratio of 6.79. According to the data, the short interest in New Fortress Energy Inc (NFE) stood at 2925.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 32.29 million. The stock has fallen by -65.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NFE stock heading into the next quarter.
