Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -38.24%. However, over the last six months, the performance has been stronger by -48.02%. The price of NFE decreased -9.09% over the last 30 days. And in the last five days, it has fallen by -5.14%.
New Fortress Energy Inc. (NFE) current stock price is $26.20. During the last trading session, the stock soared, reaching $27.605 after opening at $27.37. The stock’s lowest point was $26.0929 before it closed at $27.81.
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The market performance of New Fortress Energy Inc. has been somewhat unstable. Over the past year, the company’s stock achieved a high of $63.06 on 08/25/22, with the lowest value for the same timeframe being $26.14, recorded on 05/25/23.
52-week price history of NFE Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. New Fortress Energy Inc.’s current trading price is -58.45% away from its 52-week high, while its distance from the 52-week low is 0.23%. The stock’s price range over this timeframe has been between $26.14 and $63.06. The shares of the Utilities sector company recorded a trading volume of approximately 2.3 million for the day, which was comparatively higher than the average daily volume of 1.47 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
New Fortress Energy Inc. (NFE) has experienced a quarterly decline of -32.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.42B and boasts a workforce of 577 employees.
Expert Opinions: Analysts’ Ratings for New Fortress Energy Inc.
As of right now, 9 analysts are rating New Fortress Energy Inc. as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 33.02, with a change in price of -16.22. Similarly, New Fortress Energy Inc. recorded 1,502,940 in trading volume during the last 100 days, posting a change of -38.24%.
NFE’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for NFE stands at 4.08. Similarly, the long-term debt-to-equity ratio is also 3.84.
NFE Stock Stochastic Average
New Fortress Energy Inc.’s raw stochastic average for the past 50 days is currently at 1.95%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 1.95%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 12.84% and 15.76%, respectively.