In the last trading session, 1.55 million shares of the New Fortress Energy Inc (NASDAQ:NFE) were traded, and its beta was 1.47. Most recently the company’s share price was $8.43, and it changed around -$0.61 or -6.80% from the last close, which brings the market valuation of the company to $2.30B. NFE currently trades at a discount to its 52-week high of $34.40, offering almost -308.07% off that amount. The share price’s 52-week low was $7.82, which indicates that the current value has risen by an impressive 7.24% since then.
New Fortress Energy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.86. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended NFE as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. New Fortress Energy Inc is expected to report earnings per share of 0 for the current quarter.
New Fortress Energy Inc (NASDAQ:NFE) trade information
Instantly NFE has showed a red trend with a performance of -6.80% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.61 on recent trading dayincreased the stock’s daily price by 20.55%. The company’s shares are currently down -44.28% year-to-date, but still down -19.76% over the last five days. On the other hand, New Fortress Energy Inc (NASDAQ:NFE) is -43.83% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $11.3, which translates to bulls needing to increase their stock price by 25.4% from its current value. Analyst projections state that NFE is forecast to be at a low of $7.6 and a high of $15.
New Fortress Energy Inc (NFE) estimates and forecasts
The year-over-year growth rate is expected to be 26.55%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 643.48M in revenue for the current quarter. 2 analysts expect New Fortress Energy Inc to make 628.05M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 690.32M and 428.01M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.79%. Forecasts for the next quarter put sales growth at 46.74%.
NFE Dividends
New Fortress Energy Inc’s next quarterly earnings report is expected to be released in April. The annual dividend yield of the stock is 2.37 percent and its annual dividend per share was 0.20. It is important to note, however, that the 2.37% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
New Fortress Energy Inc (NASDAQ:NFE)’s Major holders
CAPITAL WORLD INVESTORS, with 8.6787% or 17.8 million shares worth $391.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
New World Fund, Inc. and Vanguard Horizon Fund-Capital Opportunity Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 7.65 shares worth $65.46 million, making up 2.80% of all outstanding shares. On the other hand, Vanguard Horizon Fund-Capital Opportunity Fund held roughly 7.58 shares worth around $64.9 million, which represents about 2.78% of the total shares outstanding.
