New Fortress Energy Inc's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 12 out of 14 in the Natural Gas Utilities industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 3.50.In the medium term, the stock price is expected to remain stable.Despite a good stock market performance over the past month, the company shows weak fundamentals and technicals, which don't support the current trend.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of New Fortress Energy Inc is 4.81, ranking 14 out of 14 in the Natural Gas Utilities industry. Its financial status is weak, and its operating efficiency is low. Its latest quarterly revenue reached 327.37M, representing a year-over-year decrease of 42.32%, while its net profit experienced a year-over-year decrease of 3786.04%.
Key Metrics
The current valuation score of New Fortress Energy Inc is 7.41, ranking 9 out of 14 in the Natural Gas Utilities industry. Its current P/E ratio is -0.26, which is -24087.96% below the recent high of 61.39 and -5030.95% above the recent low of -13.13.
The current earnings forecast score of New Fortress Energy Inc is 6.67, ranking 10 out of 14 in the Natural Gas Utilities industry. The average price target is 4.50, with a high of 8.50 and a low of 1.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of New Fortress Energy Inc is 5.16, ranking 14 out of 14 in the Natural Gas Utilities industry. Currently, the stock price is trading between the resistance level at 1.78 and the support level at 0.93, making it suitable for range-bound swing trading.
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The current institutional shareholding score of New Fortress Energy Inc is 5.00, ranking 12 out of 14 in the Natural Gas Utilities industry. The latest institutional shareholding proportion is 63.76%, representing a quarter-over-quarter decrease of 11.50%. The largest institutional shareholder is The Vanguard, holding a total of 11.27M shares, representing 3.96% of shares outstanding, with 21.64% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Natural Gas Utilities domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of New Fortress Energy Inc is 2.66, ranking 13 out of 14 in the Natural Gas Utilities industry. The company's beta value is 0.99. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
