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. Until today this year the stock’s price performance recorded a decrease of -32.67%. However, over the last six months, the performance has been stronger by -21.09%. The price of NFE decreased -29.40% over the last 30 days. And in the last five days, it has fallen by -17.57%.
New Fortress Energy Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $35.58 on 02/29/24, while the lowest price for the same period was registered at $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 -71.39% away from its 52-week high, while its distance from the 52-week low is 30.18%. 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 5.49 million for the day, a figure considerably higher than their average daily volume of 4.69 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
New Fortress Energy Inc (NFE) has experienced a quarterly rise of 7.05% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.78B 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 11.66, with a change in price of +0.50. Similarly, New Fortress Energy Inc recorded 5,061,850 in trading volume during the last 100 days, posting a change of +5.17%.
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
As of today, New Fortress Energy Inc’s raw stochastic average for the last 50 days stands at 0.77%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 0.89%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 2.52% and 3.53%, respectively.
