In the last trading session, 3.81 million shares of the New Fortress Energy Inc (NASDAQ:NFE) were traded, and its beta was 1.43. Most recently the company’s share price was $5.54, and it changed around -$0.54 or -8.88% from the last close, which brings the market valuation of the company to $1.52B. NFE currently trades at a discount to its 52-week high of $29.11, offering almost -425.45% off that amount. The share price’s 52-week low was $4.72, which indicates that the current value has risen by an impressive 14.8% 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 (NASDAQ:NFE) trade information
Instantly NFE has showed a red trend with a performance of -8.88% 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 6.26 on recent trading dayincreased the stock’s daily price by 11.5%. The company’s shares are currently down -63.36% year-to-date, but still down -3.82% over the last five days. On the other hand, New Fortress Energy Inc (NASDAQ:NFE) is -19.54% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $13.5, which translates to bulls needing to increase their stock price by 58.96% from its current value. Analyst projections state that NFE is forecast to be at a low of $8 and a high of $19.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.11%. New Fortress Energy Inc earnings are expected to increase by 21.95% in 2025, but the outlook is negative -10.63% per year for the next five years.
NFE Dividends
New Fortress Energy Inc’s next quarterly earnings report is expected to be released in June. The annual dividend yield of the stock is 1.81 percent and its annual dividend per share was 0.10. It is important to note, however, that the 1.81% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
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.
VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund and New World Fund Inc were the top two Mutual Funds as of Dec 31, 2024 . The former held 7.58 shares worth $42.0 million, making up 2.77% of all outstanding shares. On the other hand, New World Fund Inc held roughly 6.47 shares worth around $35.87 million, which represents about 2.36% of the total shares outstanding.
