In the last trading session, 40.33 million New Fortress Energy Inc (NASDAQ:NFE) shares changed hands as the company’s beta touched 1.18. With the company’s per share price at $2.66 changed hands at $0.15 or 5.98% during last session, the market valuation stood at $729.32M. NFE’s last price was a discount, traded about -939.47% off its 52-week high of $27.65. The share price had its 52-week low at $2.32, which suggests the last value was 12.78% up since then.
Analysts gave the New Fortress Energy Inc (NFE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. 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 -0.34.
New Fortress Energy Inc (NASDAQ:NFE) trade information
Instantly NFE was in green as seen at the end of in last trading. With action -57.91%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -82.41%, with the 5-day performance at -57.91% in the red. However, in the 30-day time frame, New Fortress Energy Inc (NASDAQ:NFE) is -51.99% down.
The consensus price target for the stock as assigned by Wall Street analysts is 13.5, meaning bulls need an upside of 80.3% from its current market value. According to analyst projections, NFE’s forecast low is 8 with 19 as the target high. To hit the forecast high, the stock’s price needs a -614.29% plunge from its current level, while the stock would need to soar -200.75% for it to hit the projected low.
New Fortress Energy Inc (NFE) estimates and forecasts
Year-over-year growth is forecast to reach 3.27% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 480.47M. 1 analysts are of the opinion that New Fortress Energy Inc’s revenue for the current quarter will be 538.52M. The company’s revenue for the corresponding quarters a year ago was 428.01M and 567.53M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.26%. The estimates for the next quarter sales put growth at -5.11%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 5.11%. The 2025 estimates are for New Fortress Energy Inc earnings to increase by 13.66%, but the outlook for the next 5-year period is at -10.63% per year.
NFE Dividends
New Fortress Energy Inc is expected to release its next quarterly earnings report in June. The 3.76% annual yield figure for the share gives it an annual dividend of 0.10. It is important to note, however, that the 3.76% 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 VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund and New World Fund Inc . With 7.58 shares estimated at $20.17 million under it, the former controlled 2.77% of total outstanding shares. On the other hand, New World Fund Inc held about 2.36% of the shares, roughly 6.47 shares worth around $17.22 million.
