In the last trading session, 4.36 million New Fortress Energy Inc (NASDAQ:NFE) shares changed hands as the company’s beta touched 1.55. With the company’s per share price at $10.50 changed hands at -$0.4 or -3.67% during last session, the market valuation stood at $2.86B. NFE’s last price was a discount, traded about -238.86% off its 52-week high of $35.58. The share price had its 52-week low at $7.82, which suggests the last value was 25.52% up since then.
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 0.06.
New Fortress Energy Inc (NASDAQ:NFE) trade information
Instantly NFE was in red as seen at the end of in last trading. With action -16.73%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -30.56%, with the 5-day performance at -16.73% in the red. However, in the 30-day time frame, New Fortress Energy Inc (NASDAQ:NFE) is -31.64% down.
The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 30.0% 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 -100.0% plunge from its current level, while the stock would need to tank 27.62% for it to hit the projected low.
New Fortress Energy Inc (NFE) estimates and forecasts
Year-over-year growth is forecast to reach -4.47% 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 613.24M. 3 analysts are of the opinion that New Fortress Energy Inc’s revenue for the current quarter will be 642.85M. 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 -19.14%. The estimates for the next quarter sales put growth at -6.88%.
The 2025 estimates are for New Fortress Energy Inc earnings to decrease by -95.89%.
NFE Dividends
New Fortress Energy Inc is expected to release its next quarterly earnings report in March. The 1.90% annual yield figure for the share gives it an annual dividend of 0.20. It is important to note, however, that the 1.90% 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.
CAPITAL WORLD INVESTORS holds the second largest percentage of outstanding shares, with 8.6787% or 17.8 million shares worth $391.19 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were New World Fund, Inc. and Vanguard Horizon Fund-Capital Opportunity Fund . With 7.65 shares estimated at $80.29 million under it, the former controlled 2.80% of total outstanding shares. On the other hand, Vanguard Horizon Fund-Capital Opportunity Fund held about 2.43% of the shares, roughly 6.62 shares worth around $69.56 million.
