Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. New Fortress Energy Inc’s current trading price is -77.83% away from its 52-week high, while its distance from the 52-week low is 0.28%. The stock’s price range over this period has fluctuated between $8.85 and $40.04. The company, operating within the financial sector, had a trading volume of approximately 5.45 million for the day, which was noticeably higher than the average daily share volume of 3.74 million over the last 3 months.
New Fortress Energy Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $40.04 on 12/04/23 and a low of $8.85 for the same time frame on 09/30/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
New Fortress Energy Inc (NFE) has experienced a quarterly decline of -56.50% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.82B and boasts a workforce of 1390 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 18.58, with a change in price of -16.93. Similarly, New Fortress Energy Inc recorded 3,187,037 in trading volume during the last 100 days, posting a change of -64.82%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for NFE stands at 4.99. Similarly, the long-term debt-to-equity ratio is also 4.77.
NFE Stock Stochastic Average
Today’s raw stochastic average for New Fortress Energy Inc over the last 50 days is 5.49%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 24.09%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 17.46% and 13.80%, respectively.
NFE Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant loss of -76.48% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -70.53%. Over the past 30 days, the price of NFE has leaped by -28.31%. And in the last five days, it has fallen by -10.35%.
