In the last trading session, 2.46 million New Fortress Energy Inc (NASDAQ:NFE) shares changed hands as the company’s beta touched 1.48. With the company’s per share price at $14.50 changed hands at $0.21 or 1.47% during last session, the market valuation stood at $3.65B. NFE’s last price was a discount, traded about -146.28% off its 52-week high of $35.71. The share price had its 52-week low at $7.82, which suggests the last value was 46.07% up since then. When we look at New Fortress Energy Inc’s average trading volume, we note the 10-day average is 4.73 million shares, with the 3-month average coming to 5.31 million.
Analysts gave the New Fortress Energy Inc (NFE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.86. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended NFE as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. New Fortress Energy Inc’s EPS for the current quarter is expected to be 0.03.
New Fortress Energy Inc (NASDAQ:NFE) trade information
Instantly NFE was in green as seen at the end of in last trading. With action -6.99%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -4.10%, with the 5-day performance at -6.99% in the red. However, in the 30-day time frame, New Fortress Energy Inc (NASDAQ:NFE) is 9.43% up. Looking at the short shares, we see there were 35.12 million shares sold at short interest cover period of 6.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 3.33% from its current market value. According to analyst projections, NFE’s forecast low is 7.6 with 21 as the target high. To hit the forecast high, the stock’s price needs a -44.83% plunge from its current level, while the stock would need to tank 47.59% for it to hit the projected low.
New Fortress Energy Inc (NFE) estimates and forecasts
Data shows that the New Fortress Energy Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -31.76% over the past 6 months, a -85.94% in annual growth rate that is considerably lower than the industry average of -5.80%. Year-over-year growth is forecast to reach -4.51% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 611.98M. 3 analysts are of the opinion that New Fortress Energy Inc’s revenue for the current quarter will be 646.69M. The company’s revenue for the corresponding quarters a year ago was 758.36M and 690.32M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -19.30%. The estimates for the next quarter sales put growth at -6.32%.
The 2025 estimates are for New Fortress Energy Inc earnings to decrease by -94.82%.
NFE Dividends
New Fortress Energy Inc is expected to release its next quarterly earnings report in February. The 1.38% annual yield figure for the share gives it an annual dividend of 0.20. It is important to note, however, that the 1.38% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
New Fortress Energy Inc (NASDAQ:NFE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 40.04% of New Fortress Energy Inc shares while 50.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.25%. There are 50.51% institutions holding the New Fortress Energy Inc stock share, with GREAT MOUNTAIN PARTNERS LLC the top institutional holder. As of 2024-06-30, the company held 12.4644% of the shares, roughly 25.56 million NFE shares worth $561.81 million.
CAPITAL WORLD INVESTORS holds the second largest percentage of outstanding shares, with 8.679% or 17.8 million shares worth $391.19 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were New World Fund, Inc. and Vanguard Horizon Fund-Capital Opportunity Fund . With 10.89 shares estimated at $157.98 million under it, the former controlled 4.33% of total outstanding shares. On the other hand, Vanguard Horizon Fund-Capital Opportunity Fund held about 2.63% of the shares, roughly 6.62 shares worth around $96.05 million.
