Anchoring Your Portfolio: Is NFE Stock a Safe Harbor?

Currently, the stock price of New Fortress Energy Inc (NFE) is $3.16. In the most recent trading session, the stock underwent a significant upswing, peaking at $8.5 after opening at $3.17. The stock touched a low of $2.0 before closing at $2.99.

The stock market performance of New Fortress Energy Inc has been fairly unsteady.

52-week price history of NFE Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. New Fortress Energy Inc’s current trading price is -81.61% away from its 52-week high, while its distance from the 52-week low is 57.46%. The stock’s price range during this period has fluctuated between $2.01 and $17.21. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 8.83 million for the day, which was evidently lower than the average daily volume of 12.88 million over the last three months.

Financial Performance and Market Capitalization

New Fortress Energy Inc (NFE) has experienced a quarterly decline of -42.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 867.83M and boasts a workforce of 1404 employees.

Analysts’ Ratings For New Fortress Energy Inc

As of right now, 3 analysts are rating New Fortress Energy Inc as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 4.94, with a change in price of -5.65. Similarly, New Fortress Energy Inc recorded 11,235,257 in trading volume during the last 100 days, posting a change of -64.20%.

NFE Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NFE stands at 5.38. Similarly, the long-term debt-to-equity ratio is also 5.19.

NFE Stock Stochastic Average

New Fortress Energy Inc’s raw stochastic average for the past 50 days is currently at 38.72%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 22.54%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 15.53% and 8.94%, respectively.

NFE Stock Price Performance Analysis

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price decrease of -83.10%. However, over the past six months, we’ve seen a stronger performance of -78.73%. The price of NFE leaped by -11.59% over the last 30 days. And in the last five days, it has fallen by -6.36%.

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