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 -72.13% away from its 52-week high, while its distance from the 52-week low is 18.41%. The stock’s price range over this period has fluctuated between $7.82 and $33.22. The company, operating within the financial sector, had a trading volume of approximately 8.15 million for the day, which was noticeably higher than the average daily share volume of 4.74 million over the last 3 months.
New Fortress Energy Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $33.22 on 03/13/24 and the lowest value was $7.82 on 11/01/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
New Fortress Energy Inc (NFE) has experienced a quarterly decline of -22.58% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.52B and boasts a workforce of 1404 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.69, with a change in price of -0.39. Similarly, New Fortress Energy Inc recorded 5,035,306 in trading volume during the last 100 days, posting a change of -4.04%.
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 5.11. Similarly, the long-term debt-to-equity ratio is also 4.75.
NFE Stock Stochastic Average
Today, New Fortress Energy Inc’s raw stochastic average for the past 50 days stands at 11.64%, indicating a decline from the raw stochastic average of the last 20 days, which was 21.67%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 23.48% and 26.06% respectively.
NFE Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -38.76%. However, over the past six months, we’ve seen a stronger performance of -16.27%. The price of NFE leaped by -24.47% over the last 30 days. And in the last five days, it has fallen by -5.03%.
