There is no doubt that New Fortress Energy Inc (NFE) ticks all the boxes.

With 26.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.83 million shares. During the session, the Utilities – Regulated Gas company that operates in wider Utilities sector, reached to the highest price of $11.3186 whereas the lowest price it dropped to was $9.28. The 52-week range on NFE shows that it touched its highest point at $40.04 and its lowest point at $8.20 during that stretch. It currently has a 1-year price target of $22.45. With its current market cap of 1.99 billion, NFE has annualized dividend of $0.40 while the current yield stands at 4.13%. Beta for the stock currently stands at 1.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NFE was down-trending over the past week, with a drop of -3.15%, but this was down by -21.43% over a month. Three-month performance dropped to -51.55% while six-month performance fell -68.01%. The stock lost -70.47% in the past year, while it has lost -74.34% so far this year. A look at the trailing 12-month EPS for NFE yields 1.17 with Next year EPS estimates of 1.65. For the next quarter, that number is 0.06. This implies an EPS growth rate of -84.97% for this year and 313.77% for next year.

Float and Shares Shorts:

At present, 205.00 million NFE shares are outstanding with a float of 115.65 million shares on hand for trading. On 2024-09-13, short shares totaled 25.77 million, which was 1257.0 higher than short shares on 1723680000. In addition to Mr. Wesley Robert Edens as the firm’s Founder, Chairman & CEO, Mr. Christopher S. Guinta serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.63935 of NFE’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, NFE reported revenue of $428006000.0 and operating income of $50360000.0. The EBITDA in the recently reported quarter was $28239000.0 and diluted EPS was -$0.44.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NFE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.