New Fortress Energy Inc (NASDAQ:NFE) has a beta value of 1.45 and has seen 0.52 million shares traded in the recent trading session. The company, currently valued at $2.69B, closed the recent trade at $9.88 per share which meant it gained $0.01 on the day or 0.10% during that session. The NFE stock price is -242.41% off its 52-week high price of $33.83 and 20.85% above the 52-week low of $7.82.
The consensus among analysts is that New Fortress Energy Inc (NFE) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.38.
New Fortress Energy Inc (NASDAQ:NFE) trade information
Sporting 0.10% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NFE stock price touched $9.88 or saw a rise of 8.18%. Year-to-date, New Fortress Energy Inc shares have moved -34.66%, while the 5-day performance has seen it change 9.29%. Over the past 30 days, the shares of New Fortress Energy Inc (NASDAQ:NFE) have changed -21.40%.
Wall Street analysts have a consensus price target for the stock at $11.3, which means that the shares’ value could jump 12.57% from the levels at last check today. The projected low price target is $7.6 while the price target rests at a high of $15.0. In that case, then, we find that the latest price level in today’s session is -51.82% off the targeted high while a plunge would see the stock lose 23.08% from the levels at last check today.
New Fortress Energy Inc (NFE) estimates and forecasts
The company’s shares have lost -14.90% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 26.55%.
2 analysts offering their estimates for the company have set an average revenue estimate of 643.48M for the current quarter. 2 have an estimated revenue figure of 628.05M for the next ending quarter. Year-ago sales stood 690.32M and 428.01M respectively for this quarter and the next, and analysts expect sales will shrink by -6.79% for the current quarter and 26.55% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 5.19% over the past 5 years.
NFE Dividends
New Fortress Energy Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.20 at a share yield of 2.02%. The company’s dividend yield has gone up over the past 12 months.
New Fortress Energy Inc (NASDAQ:NFE)’s Major holders
The top two institutional holders are GREAT MOUNTAIN PARTNERS LLC with over 25.56 million shares worth more than $561.81 million. As of 2024-06-30, GREAT MOUNTAIN PARTNERS LLC held 12.4639% of shares outstanding.
The other major institutional holder is CAPITAL WORLD INVESTORS, with the holding of over 17.8 million shares as of 2024-06-30. The firm’s total holdings are worth over $391.19 million and represent 8.6787% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are New World Fund, Inc. and Vanguard Horizon Fund-Capital Opportunity Fund. As of Dec 31, 2024, the former fund manager holds about 2.80% shares in the company for having 7.65 shares of worth $74.71 million while later fund manager owns 7.58 shares of worth $74.07 million as of Dec 31, 2024, which makes it owner of about 2.78% of company’s outstanding stock.
