A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price decrease of -81.15%. However, over the past six months, we’ve seen a stronger performance of -72.81%. The price of NFE leaped by -53.12% over the last 30 days. And in the last five days, it has surged by 2.15%.
New Fortress Energy Inc’s stock market performance has been somewhat irregular.
52-week price history of NFE Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. New Fortress Energy Inc’s current trading price is -89.13% away from its 52-week high, while its distance from the 52-week low is 26.11%. The stock’s price range for this period has been between $2.26 and $26.22. The Energy sector company’s shares saw a trading volume of about 3.15 million for the day, which was lower than the average daily volume of 10.41 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
New Fortress Energy Inc (NFE) has experienced a quarterly decline of -70.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 781.41M and boasts a workforce of 1404 employees.
How Moving Averages and Trading Volume Data Work Together
NFE’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for NFE stands at 5.53. Similarly, the long-term debt-to-equity ratio is also 5.33.
