In last trading session, New Fortress Energy Inc (NASDAQ:NFE) saw 1.77 million shares changing hands with its beta currently measuring 1.47. Company’s recent per share price level of $15.07 trading at $0.2 or 1.34% at ring of the bell on the day assigns it a market valuation of $3.79B. That closing price of NFE’s stock is at a discount of -136.1% from its 52-week high price of $35.58 and is indicating a premium of 48.11% from its 52-week low price of $7.82. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.95 million shares which gives us an average trading volume of 5.22 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 1.86. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.03 in the current quarter.
New Fortress Energy Inc (NASDAQ:NFE) trade information
Upright in the green during last session for gaining 1.34%, in the last five days NFE remained trading in the red while hitting it’s week-highest on Thursday, 01/23/25 when the stock touched $15.07 price level, adding 8.83% to its value on the day. New Fortress Energy Inc’s shares saw a change of -0.33% in year-to-date performance and have moved -3.34% in past 5-day. New Fortress Energy Inc (NASDAQ:NFE) showed a performance of 3.86% in past 30-days. Number of shares sold short was 35.74 million shares which calculate 7.01 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a fall of -0.47% to its current value. Analysts have been projecting 7.6 as a low price target for the stock while placing it at a high target of 21. It follows that stock’s current price would jump 49.57% in reaching the projected high whereas dropping to the targeted low would mean a gain of 49.57% 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 lost -22.88% of value to its shares in past 6 months, showing an annual growth rate of -85.94% while that of industry is -5.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -4.47% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 613.24M for the same. And 3 analysts are in estimates of company making revenue of 642.85M in the next quarter. Company posted 758.36M and 690.32M of sales in current and next quarters respectively a year earlier.
New Fortress Energy Inc (NASDAQ:NFE)’s Major holders
Insiders are in possession of 39.80% of company’s total shares while institution are holding 51.00 percent of that, with stock having share float percentage of 84.71%. Investors also watch the number of corporate investors in a company very closely, which is 51.00% 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 25.56 million shares of worth $561.81 million. And as of 2024-06-30, it was holding 12.4644 of the company’s outstanding shares.
The second largest institutional holder is CAPITAL WORLD INVESTORS, which was holding about 17.8 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.679 of outstanding shares, having a total worth of $391.19 million.
On the other hand, New World Fund, Inc. and Vanguard Horizon Fund-Capital Opportunity Fund are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024 , the former fund manager was holding 10.89 shares of worth $164.19 million or 4.33% of the total outstanding shares. The later fund manager was in possession of 6.62 shares on Sep 30, 2024 , making its stake of worth around $99.83 million in the company or a holder of 2.63% of company’s stock.
