The time has not yet come to remove your chips from the table: New Fortress Energy Inc (NFE)

With 4.64 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.43 million shares. During the session, the Utilities – Regulated Gas company that operates in wider Utilities sector, reached to the highest price of $10.6 whereas the lowest price it dropped to was $9.9. The 52-week range on NFE shows that it touched its highest point at $40.04 and its lowest point at $7.82 during that stretch. It currently has a 1-year price target of $14.66. With its current market cap of 2.65 billion, NFE has annualized dividend of $0.30 while the current yield stands at 2.84%. NFE paid its most recent dividend on 1726185600, while the ex-dividend date for that was 1726185600. Beta for the stock currently stands at 1.59.

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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 up-trending over the past week, with a rise of 8.65%, but this was up by 31.88% over a month. Three-month performance dropped to -8.66% while six-month performance fell -55.69%. The stock lost -73.43% in the past year, while it has lost -72.04% so far this year. A look at the trailing 12-month EPS for NFE yields 0.90 with Next year EPS estimates of 0.55. For the next quarter, that number is 0.08. This implies an EPS growth rate of -93.85% for this year and 237.86% for next year.

Float and Shares Shorts:

At present, 205.10 million NFE shares are outstanding with a float of 156.16 million shares on hand for trading. On 2024-11-15, short shares totaled 34.69 million, which was 1380.0 higher than short shares on 1728950400. 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 0.53629 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 2024-09-30, NFE reported revenue of $567535000.0 and operating income of $84175000.0. The EBITDA in the recently reported quarter was $114073000.0 and diluted EPS was $0.03.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NFE since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NFE analysts setting a high price target of 35.0 and a low target of 7.6, the average target price over the next 12 months is 19.95556. Based on these targets, NFE could surge 231.75% to reach the target high and fall by -27.96% to reach the target low. Reaching the average price target will result in a growth of 89.15% from current levels.

Analysts have provided yearly estimates in a range of $0.24022 being high and $0.08143 being low. For NFE, this leads to a yearly average estimate of $0.16286. The surprise factor in the prior quarter was $0.06. Based on analyst estimates, the high estimate for the next quarter is $0.07 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.06.