A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. New Fortress Energy Inc’s current trading price is -88.07% away from its 52-week high, while its distance from the 52-week low is 38.37%. The stock’s price range for this time frame has been between $2.26 and $26.22. The trading volume of the company’s shares in the Energy reached around 3.73 million for the day, which was evidently lower than the average daily volume of 10.47 million over the last three months.
New Fortress Energy Inc’s stock has had a tumultuous market performance.
How Financial Performance Impacts Market Capitalization
New Fortress Energy Inc (NFE) has experienced a quarterly decline of -66.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 857.39M and boasts a workforce of 1404 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
How NFE’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ 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.
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. This year’s metric has recorded a Price decrease of -79.32%. However, over the past six months, we’ve seen a stronger performance of -73.85%. The price of NFE leaped by -50.52% over the last 30 days. And in the last five days, it has surged by 13.30%.
