During the last session, New Fortress Energy Inc (NASDAQ:NFE)’s traded shares were 5.37 million, with the beta value of the company hitting 1.44. At the end of the trading day, the stock’s price was $9.69, reflecting an intraday loss of -6.29% or -$0.65. The 52-week high for the NFE share is $34.40, that puts it down -255.01 from that peak though still a striking 19.3% gain since the share price plummeted to a 52-week low of $7.82. The company’s market capitalization is $2.64B, and the average trade volume was 4.75 million shares over the past three months.
New Fortress Energy Inc (NFE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.86. NFE has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.38.
New Fortress Energy Inc (NASDAQ:NFE) trade information
New Fortress Energy Inc (NFE) registered a -6.29% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.29% in intraday trading to $9.69, hitting a weekly high. The stock’s 5-day price performance is -4.15%, and it has moved by -30.93% in 30 days. Based on these gigs, the overall price performance for the year is -69.74%.
The consensus price target of analysts on Wall Street is $11.3, which implies an increase of 14.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.6 and $15 respectively. As a result, NFE is trading at a discount of -54.8% off the target high and 21.57% off the low.
New Fortress Energy Inc (NFE) estimates and forecasts
In the rating firms’ projections, revenue will increase 26.55% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 643.48M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 628.05M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 690.32M and 428.01M respectively. In this case, analysts expect current quarter sales to shrink by -6.79% and then jump by 46.74% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 5.19%. While earnings are projected to return 123.18% in 2025.
NFE Dividends
New Fortress Energy Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for New Fortress Energy Inc is 0.20, with the dividend yield indicating at 2.06 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 17.8 million shares, is of CAPITAL WORLD INVESTORS’s that is approximately 8.6787% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $391.19 million.
