New Fortress Energy Inc (NFE)’s financial ratios: A comprehensive overview

In other words, the price has increased by $0.00 from its previous closing price. On the day, 1918475 shares were traded.

Ratios:

For a deeper understanding of New Fortress Energy Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.57. In the meantime, Its Debt-to-Equity ratio is 4.50 whereas as Long-Term Debt/Eq ratio is at 4.22.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Deutsche Bank on March 04, 2024, Downgraded its rating to Hold and sets its target price to $35 from $40 previously.

BofA Securities Downgraded its Buy to Neutral on June 08, 2023, whereas the target price for the stock was revised from $59 to $31.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 26 ’23 when Catterall Desmond Iain bought 4,734 shares for $26.54 per share. The transaction valued at 125,640 led to the insider holds 4,734 shares of the business.

Jay Timothy W. bought 2,000 shares of NFE for $55,700 on May 24 ’23. The Director now owns 32,221 shares after completing the transaction at $27.85 per share. On May 24 ’23, another insider, Jay Timothy W., who serves as the Director of the company, bought 250 shares for $28.00 each. As a result, the insider paid 7,000 and bolstered with 8,555 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NFE now has a Market Capitalization of 6.07B and an Enterprise Value of 13.29B. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.16, and their Forward P/E ratio for the next fiscal year is 6.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.51 while its Price-to-Book (P/B) ratio in mrq is 3.70. Its current Enterprise Value per Revenue stands at 5.51 whereas that against EBITDA is 11.96.

Stock Price History:

Over the past 52 weeks, NFE has reached a high of $40.04, while it has fallen to a 52-week low of $25.06. The 50-Day Moving Average of the stock is 32.20, while the 200-Day Moving Average is calculated to be 31.97.

Shares Statistics:

For the past three months, NFE has traded an average of 1.31M shares per day and 1.65M over the past ten days. A total of 205.00M shares are outstanding, with a floating share count of 105.35M. Insiders hold about 48.62% of the company’s shares, while institutions hold 52.20% stake in the company. Shares short for NFE as of Feb 29, 2024 were 11.14M with a Short Ratio of 10.71, compared to 11.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.44% and a Short% of Float of 14.22%.

Dividends & Splits

According to the company, the forward annual dividend rate for NFE is 0.40, from 3.40 in the trailing year. Against a Trailing Annual Dividend Yield of 11.49%, it implies a Forward Annual Dividend Yield of 1.35%.

Earnings Estimates

There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.95 for the current quarter, with a high estimate of $1.39 and a low estimate of $0.59, while EPS last year was $0.71. The consensus estimate for the next quarter is $0.92, with high estimates of $1.38 and low estimates of $0.6.

Analysts are recommending an EPS of between $4.7 and $2.18 for the fiscal current year, implying an average EPS of $3.86. EPS for the following year is $3.79, with 7 analysts recommending between $7 and -$0.64.

Revenue Estimates

A total of 3 analysts believe the company’s revenue will be $739.45M this quarter.It ranges from a high estimate of $837.6M to a low estimate of $628.54M. As of the current estimate, New Fortress Energy Inc’s year-ago sales were $579.13M, an estimated increase of 27.70% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $822.14M, an increase of 46.50% over than the figure of $27.70% in the same quarter last year. There is a high estimate of $895.82M for the next quarter, whereas the lowest estimate is $687.4M.

A total of 4 analysts have provided revenue estimates for NFE’s current fiscal year. The highest revenue estimate was $3.77B, while the lowest revenue estimate was $3.09B, resulting in an average revenue estimate of $3.57B. In the same quarter a year ago, actual revenue was $2.41B, up 47.90% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $4.41B in the next fiscal year. The high estimate is $5B and the low estimate is $3.8B. The average revenue growth estimate for next year is up 23.50% from the average revenue estimate for this year.

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