New Fortress Energy Inc (NASDAQ:NFE) shares, rose in value, with the stock price up by 6.05% to the previous day’s close as strong demand from buyers drove the stock to $10.34.
Actively observing the price movement in the last trading, the stock closed the session at $9.75. Referring to stock’s 52-week performance, its high was $34.40, and the low was $7.82. On the whole, NFE has fluctuated by -30.51% over the past month.
With the market capitalization of New Fortress Energy Inc currently standing at about $2.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.20, with its dividend yield at 1.93%.
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 100% Sell 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 100% Sell.
The stock’s technical analysis shows that the price of NFE currently trading nearly -9.24% and -23.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.78, while the 7-day volatility ratio is showing 12.74% which for the 30-day chart, stands at 7.49%. Furthermore, New Fortress Energy Inc (NFE)’s beta value is 1.45, and its average true range (ATR) is 0.87.
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 6.05% in last session, and over the past year, it shrunk by -69.97%%.
Data on historical trading for New Fortress Energy Inc (NASDAQ:NFE) indicates that the trading volumes over the past 3 months, they’ve averaged 4.81 million. According to company’s latest data on outstanding shares, there are 272.66 million shares outstanding.
Nearly 37.89% of New Fortress Energy Inc’s shares belong to company insiders and institutional investors own 65.87% of the company’s shares. The stock has fallen by -31.61% 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.
