For the readers interested in the stock health of New Fortress Energy Inc. (NFE). It is currently valued at $51.00. When the transactions were called off in the previous session, Stock hit the highs of $57.14, after setting-off with the price of $52.68. Company’s stock value dipped to $52.68 during the trading on the day. When the trading was stopped its value was $56.72.
Recently in News on December 15, 2020, New Fortress Energy Announces Pricing of $250 Million of Senior Secured Notes. New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today the pricing of its previously announced private offering of $250 million aggregate principal amount of additional 6.750% senior secured notes due 2025 (the “Additional Notes”). The Additional Notes will be issued at an issue price equal to 105.25% of principal, plus accrued interest from and including September 2, 2020. There are $1,000.0 million 6.750% senior secured notes due 2025 outstanding as of the date hereof. The Company intends to use the net proceeds from the offering for general corporate purposes. The closing of the offering is subject to certain limited conditions. You can read further details here
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New Fortress Energy Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $57.14 on 12/15/20, with the lowest value was $7.01 for the same time period, recorded on 03/23/20.
New Fortress Energy Inc. (NFE) full year performance was 244.80%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, New Fortress Energy Inc. shares are logging -10.75% during the 52-week period from high price, and 627.53% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.01 and $57.14.
The company’s shares, operating in the sector of Utilities managed to top a trading volume set approximately around 1173222 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the New Fortress Energy Inc. (NFE) recorded performance in the market was 261.97%, having the revenues showcasing 65.22% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 9.45B, as it employees total of 201 workers.
Analysts verdict on New Fortress Energy Inc. (NFE)
During the last month, 10 analysts gave the New Fortress Energy Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 37.61, with a change in the price was noted +31.69. In a similar fashion, New Fortress Energy Inc. posted a movement of +161.16% for the period of last 100 days, recording 496,820 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NFE is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 10.81.
New Fortress Energy Inc. (NFE): Technical Analysis
Raw Stochastic average of New Fortress Energy Inc. in the period of last 50 days is set at 75.66%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 70.86%. In the last 20 days, the company’s Stochastic %K was 89.18% and its Stochastic %D was recorded 95.36%.
Let’s take a glance in the erstwhile performances of New Fortress Energy Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 261.97%. Additionally, trading for the stock in the period of the last six months notably improved by 363.40%, alongside a boost of 244.80% for the period of the last 12 months. The shares increased approximately by 15.76% in the 7-day charts and went down by 63.18% in the period of the last 30 days. Common stock shares were driven by 65.22% during last recorded quarter.