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.
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
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.
