New Fortress Energy Inc (NASDAQ:NFE)’s traded shares stood at 18.55 million during the last session, with the company’s beta value hitting 1.21. At the close of trading, the stock’s price was $2.61, to imply a decrease of -14.71% or -$0.45 in intraday trading. The NFE share’s 52-week high remains $27.65, putting it -959.39% down since that peak but still an impressive 13.41% since price per share fell to its 52-week low of $2.26. The company has a valuation of $715.61M, with an average of 23.33 million shares in intraday trading volume over the past 10 days and average of 10.03 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for New Fortress Energy Inc (NFE), translating to a mean rating of 2.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give NFE a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy.
New Fortress Energy Inc (NASDAQ:NFE) trade information
After registering a -14.71% downside in the last session, New Fortress Energy Inc (NFE) has traded red over the past five days. The 5-day price performance for the stock is -61.50%, and -46.63% over 30 days. With these gigs, the year-to-date price performance is -82.74%. Short interest in New Fortress Energy Inc (NASDAQ:NFE) saw shorts transact 50.91 million shares and set a 5.48 days time to cover.
The extremes give us $8 and $19 for target low and target high price respectively. As such, NFE has been trading -627.97% off suggested target high and -206.51% from its likely low.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 5.11% for the past 5-year period. While 2025 is set for a 13.66% return in earnings, projections for the next 5 years are at -10.63% annually.
NFE Dividends
New Fortress Energy Inc has its next earnings report out on 2025-May-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. New Fortress Energy Inc has a forward dividend ratio of 0.10, with the share yield ticking at 3.83% to continue the rising pattern observed over the past year.
New Fortress Energy Inc (NASDAQ:NFE)’s Major holders
New Fortress Energy Inc insiders hold 39.13% of total outstanding shares, with institutional holders owning 77.16% of the shares at 126.75% float percentage. In total, 77.16% institutions holds shares in the company, led by GREAT MOUNTAIN PARTNERS LLC. As of 2024-06-30, the company held over 25.56 million shares (or 12.4639% of shares), all amounting to roughly $561.81 million.
The next major institution holding the largest number of shares is CAPITAL WORLD INVESTORS with 17.8 million shares, or about 8.6787% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $391.19 million.
We also have VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund and New World Fund Inc as the top two Mutual Funds with the largest holdings of the New Fortress Energy Inc (NFE) shares. Going by data provided on Dec 31, 2024 , VANGUARD HORIZON FUNDS-Vanguard Capital Opportunity Fund holds roughly 7.58 shares. This is just over 2.77% of the total shares, with a market valuation of $19.79 million. Data from the same date shows that the other fund manager holds a little less at 6.47, or 2.36% of the shares, all valued at about 16.9 million.
