The stock market performance of New Fortress Energy Inc has been fairly unsteady. Over the last year, the company’s stock hit its highest at $40.04 on 12/04/23, while the lowest price during the same time frame was $7.82, recorded on 11/01/24.
52-week price history of NFE Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. New Fortress Energy Inc’s current trading price is -77.82% away from its 52-week high, while its distance from the 52-week low is 13.59%. The stock’s price range for this period has remained between $7.82 and $40.04. The Utilities sector company’s shares managed to surpass a trading volume of around 1.12 million for the day, which was noticeably lower compared to the shares’ average daily volume of 5.22 million over the last three months.
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Financial Performance and Market Capitalization
New Fortress Energy Inc (NFE) has experienced a quarterly decline of -30.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.23B and boasts a workforce of 1390 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 13.00, with a change in price of -11.53. Similarly, New Fortress Energy Inc recorded 4,728,700 in trading volume during the last 100 days, posting a change of -56.52%.
NFE Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NFE stands at 5.19. Similarly, the long-term debt-to-equity ratio is also 4.43.
NFE Stock Stochastic Average
As of today, the raw stochastic average of New Fortress Energy Inc over the last 50 days is at 23.39%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 46.26%. Further, the company’s Stochastic %K and %D values for the last 20 days were 49.93% and 47.33%, respectively.
NFE Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a loss of -76.46%.However, over the last six months, we can see a stronger performance of -66.37%. Over the last 30 days, the price of NFE has fallen by 3.53%. And in the last five days, it has fallen by -0.86%.
