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 -78.57% away from its 52-week high, while its distance from the 52-week low is 4.63%. The stock’s price range over this period has fluctuated between $8.20 and $40.04. The company, operating within the financial sector, had a trading volume of approximately 4.99 million for the day, which was noticeably lower than the average daily share volume of 5.0 million over the last 3 months.
The market performance of New Fortress Energy Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $40.04 on 12/04/23, while the lowest value for the same duration was $8.20 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 -58.45% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.16B 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 15.84, with a change in price of -15.97. Similarly, New Fortress Energy Inc recorded 4,129,290 in trading volume during the last 100 days, posting a change of -65.05%.
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, New Fortress Energy Inc’s raw stochastic average for the past 50 days stands at 6.14%, indicating a decline from the raw stochastic average of the last 20 days, which was 12.18%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 22.02% and 27.97% respectively.
NFE Stock Price Performance Analysis
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. This year’s metric has recorded a Price decrease of -77.26%. However, over the past six months, we’ve seen a stronger performance of -69.43%. The price of NFE leaped by -13.33% over the last 30 days. And in the last five days, it has fallen by -6.33%.
