In last trading session, New Fortress Energy Inc. (NASDAQ:NFE) saw 1,892,553 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $34.33 trading at $2.93 or 9.33% at ring of the bell on the day assigns it a market valuation of $5.91 Billion. That closing price of NFE’s stock is at a discount of -13.87% from its 52-week high price of $39.09 and is indicating a premium of 79.58% from its 52-week low price of $7.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.16 Million shares which gives us an average trading volume of 319.78 Million if we extend that period to 3-months.
For New Fortress Energy Inc. (NFE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.7. Splitting up the data highlights that, out of 12 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 10 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.12 in the current quarter.
New Fortress Energy Inc. (NASDAQ:NFE) trade information
Upright in the green today for gaining 9.33%, in the last five days NFE remained trading in the green while hitting it’s week-highest on Thursday, Sep 10 when the stock touched $39.09- price level, adding 12.18% to its value on the day. New Fortress Energy Inc.’s shares saw a change of 119.08% in year-to-date performance and have moved -3.49% in past 5-day. New Fortress Energy Inc. (NASDAQ:NFE) showed a performance of 27.01% in past 30-days. Number of shares sold short was 1.14 Million shares which calculate 0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $29.33 to the stock, which implies targetted prices is already lagging behind -14.56% to its current value. Analysts have been projecting $20 as a low price target for the stock while placing it at a high target of $40. It follows that stock’s current price would jump +16.52% in reaching the projected high whereas dropping to the targeted low would mean a loss of -41.74% for stock’s current value.
New Fortress Energy Inc. (NFE) estimates and forecasts
Statistics highlight that New Fortress Energy Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +269.14% of value to its shares in past 6 months, showing an annual growth rate of -94.44% while that of industry is -43.4. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 140% in the current quarter and calculating 387.5% increase in the next quarter. This year revenue growth is estimated to rise 163.9% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $145.17 Million for the same. And 8 analysts are in estimates of company making revenue of $180.09 Million in the next quarter that will end in December 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -248.5% while estimates for its earnings growth in next 5 years are of 0%
New Fortress Energy Inc. is more likely to be releasing its next quarterly report between November 09 and November 13, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.27%, the share has a forward dividend of 0.4 which implies that company’s dividend yield remained growing in trailing twelve months.
New Fortress Energy Inc. (NASDAQ:NFE)’s Major holders
Insiders are in possession of 33.49% of company’s total shares while institution are holding 52.18% percent of that, with stock having share float percentage of 78.46%. Investors also watch the number of corporate investors in a company very closely, which is 45 institutions for New Fortress Energy Inc. that are currently holding shares of the company. Great Mountain Partners LLC is the top institutional holder at NFE for having 36.06 Million shares of worth $467.31 Million. And as of June 29, 2020, it was holding 21.37% of the company’s outstanding shares.
The second largest institutional holder is Fortress Investment Group LLC, which was holding about 13.4 Million shares on June 29, 2020. The number of shares represents firm’s hold over 7.94% of outstanding shares, having a total worth of $173.66 Million.
On the other hand, Smallcap World Fund and Federated Hermes Kaufmann Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 2364221 shares of worth $30.64 Million or 1.4% of the total outstanding shares. The later fund manager was in possession of 2Million shares on April 29, 2020, making its stake of worth around $25.86 Million in the company or a holder of 1.19% of company’s stock.