In last trading session, New Fortress Energy Inc (NASDAQ:NFE) saw 2.91 million shares changing hands with its beta currently measuring 1.50. Company’s recent per share price level of $12.05 trading at -$0.3 or -2.43% at ring of the bell on the day assigns it a market valuation of $3.29B. That closing price of NFE’s stock is at a discount of -195.27% from its 52-week high price of $35.58 and is indicating a premium of 35.1% from its 52-week low price of $7.82.
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 red during last session for losing -2.43%, in the last five days NFE remained trading in the green while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $12.05 price level, adding 5.71% to its value on the day. New Fortress Energy Inc’s shares saw a change of -20.30% in year-to-date performance and have moved 3.34% in past 5-day. New Fortress Energy Inc (NASDAQ:NFE) showed a performance of -22.86% in past 30-days.
Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 19.67% 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 36.93% in reaching the projected high whereas dropping to the targeted low would mean a gain of 36.93% for stock’s current value.
New Fortress Energy Inc (NFE) estimates and forecasts
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
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 12.4639 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 8.6787 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 Dec 31, 2024 , the former fund manager was holding 7.65 shares of worth $92.15 million or 2.80% 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 $79.82 million in the company or a holder of 2.43% of company’s stock.
