New Fortress Energy Inc (NASDAQ:NFE) shares, rose in value, with the stock price down by -2.26% to the previous day’s close as strong demand from buyers drove the stock to $15.56.
Actively observing the price movement in the recent trading, the stock is buoying the session at $15.92, falling within a range of $15.51 and $16.5. The value of beta (5-year monthly) is 1.51 whereas the PE ratio is 17.22 over 12-month period. Referring to stock’s 52-week performance, its high was $35.58, and the low was $7.82. On the whole, NFE has fluctuated by 30.10% over the past month.
With the market capitalization of New Fortress Energy Inc currently standing at about $3.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 1.29%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.3B, with a low estimate of 593.52M and a high estimate of 642.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 610.56M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of NFE currently trading nearly 2.46% and 23.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.20, while the 7-day volatility ratio is showing 6.43% which for the 30-day chart, stands at 6.12%. Furthermore, New Fortress Energy Inc (NFE)’s beta value is 1.48, and its average true range (ATR) is 0.89.
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 -2.26% in today’s session so far, and over the past year, it shrunk by -53.39%%.
Data on historical trading for New Fortress Energy Inc (NASDAQ:NFE) indicates that the trading volumes over the past 10 days have averaged 4.14 and over the past 3 months, they’ve averaged 5.26 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 50.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 35.12 million shares as on 2024-12-31, resulting in a short ratio of 6.03. According to the data, the short interest in New Fortress Energy Inc (NFE) stood at 2500.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 36.49 million. The stock has risen by 2.91% 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.
