The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 8.11%.However, over the last six months, we can see a stronger performance of -25.19%. Over the last 30 days, the price of NFE has fallen by 44.02%. And in the last five days, it has surged by 9.63%.
New Fortress Energy Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $35.58 on 02/29/24 and the lowest value was $7.82 on 11/01/24.
52-week price history of NFE Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. New Fortress Energy Inc’s current trading price is -54.06% away from its 52-week high, while its distance from the 52-week low is 109.03%. The stock’s price range during this period has varied between$7.82 and $35.58. The New Fortress Energy Inc’s shares, which operate in the Utilities, saw a trading volume of around 1.58 million for the day, a figure considerably lower than their average daily volume of 5.27 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
New Fortress Energy Inc (NFE) has experienced a quarterly rise of 83.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.11B and boasts a workforce of 1390 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.13, with a change in price of +4.24. Similarly, New Fortress Energy Inc recorded 5,287,048 in trading volume during the last 100 days, posting a change of +35.04%.
NFE’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative 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
New Fortress Energy Inc’s raw stochastic average for the past 50 days is presently 96.12%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 92.33%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 84.57% and 86.33%, respectively.
