New Fortress Energy Inc (NASDAQ:NFE) price on Wednesday, April 30, fall -6.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.43.
A look at the stock’s price movement, the close in the last trading session was $5.78, moving within a range at $5.1802 and $5.63. The beta value (5-Year monthly) was 1.5. Turning to its 52-week performance, $29.11 and $4.72 were the 52-week high and 52-week low respectively. Overall, NFE moved -34.66% over the past month.
New Fortress Energy Inc’s market cap currently stands at around $1.49 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-02. The company has a Forward Dividend ratio of 0.10, with its dividend yield at 1.84%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 530.6M for the company’s revenue for the quarter, with a low and high estimate of 446.69M and 614.5M respectively. The average forecast suggests down to a -23.14% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.33B, representing a -1.46% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NFE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend NFE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NFE’s current price about -6.22% and -34.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.13, while 7-day volatility ratio is 7.97% and 15.30% in the 30-day chart. Further, New Fortress Energy Inc (NFE) has a beta value of 1.43, and an average true range (ATR) of 0.80. Analysts have given the company’s stock an average 52-week price target of $13.5, forecast between a low of $8 and high of $19. Looking at the price targets, the low is -47.33% off current price level while to achieve the yearly target high, price needs to move -249.91%. Nonetheless, investors will most likely welcome a -148.62% jump to $13.5 which is the analysts’ median price.
If we refocus on New Fortress Energy Inc (NASDAQ:NFE), historical trading data shows that trading volumes averaged 6.86 over the past 10 days and 7.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 266.46 million shares.
The 35.06% of New Fortress Energy Inc’s shares are in the hands of company insiders while institutional holders own 65.72% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 48.26 million on 2025-04-15, giving us a short ratio of 5.36. The data shows that as of 2025-04-15 short interest in New Fortress Energy Inc (NFE) stood at 3281.0003 of shares outstanding, with shares short rising to 38.83 million registered in 2025-03-14. Current price change has pushed the stock -64.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NFE stock continues to rise going into the next quarter.
