The stock of New Fortress Energy Inc (NASDAQ:NFE) last traded at $3.32, up 32.80% from the previous session.
NFE stock price is now -14.92% away from the 50-day moving average and -63.45% away from the 200-day moving average. The market capitalization of the company currently stands at $910.28M.
On December 04, 2024, Deutsche Bank Upgraded its previous ‘Sell’ rating to ‘Hold’ on the stock keeping its target price maintained at $11, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Guinta Christopher S., Chief Financial Officer bought 5,000 shares of the company’s stock on Mar 13 ’25. The stock was bought for $42,850 at an average price of $8.57. Upon completion of the transaction, the Chief Financial Officer now directly owns 206,653 shares in the company, valued at $0.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’25, Chief Executive Officer EDENS WESLEY R bought 100,000 shares of the business’s stock. A total of $907,000 was incurred on buying the stock at an average price of $9.07. This leaves the insider owning 36,021,915 shares of the company worth $119.59 million. A total of 35.07% of the company’s stock is owned by insiders.
During the past 12 months, New Fortress Energy Inc has had a low of $2.01 and a high of $26.22. As of last week, the company has a debt-to-equity ratio of 5.53, a current ratio of 1.00, and a quick ratio of 0.95.
The net profit margin was -24.44% and return on equity was -28.47% for NFE. The company reported revenue of $679.0 million for the quarter, compared to $758.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.46 percent.
