New Fortress Energy (NASDAQ:NFE) Downgraded by Zacks Investment Research to Sell

New Fortress Energy stock has undergone multiple analysts rating changes in the recent past.  New Fortress Energy Downgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of New Fortress Energy traded up $0.03 on Wednesday, reaching $33.70. 3 shares of the stock traded hands, compared to its average volume of 889138. Shares of New Fortress Energy were trading at $33.70 on Wednesday. The firm’s 50 day moving average is $28.83 and its 200 day moving average is $40.21.New Fortress Energy has a 12 month low of $32.81 and a 12 month high of $65.90. While on yearly highs and lows, New Fortress Energy’s today has traded high as $34.36 and has touched $32.81 on the downward trend. See More Analyst Rating at: RATING

New Fortress Energy Earnings and What to expect: 

New Fortress Energy last announced its earnings data on August 4th, 2021. The reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company earned $223.80 million during the quarter, compared to analysts’ expectations of $288.72 million. Its quarterly revenue was up 136.6% compared to the same quarter last year. New Fortress Energy has generated ($0.55) earnings per share over the last year (($0.45) diluted earnings per share). Earnings for New Fortress Energy are expected to grow by 257.89% in the coming year, from $0.38 to $1.36 per share. New Fortress Energy has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for New Fortress Energy are expected to grow by 257.89% in the coming year, from $0.38 to $1.36 per share. The P/E ratio of New Fortress Energy is -74.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of New Fortress Energy is -74.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. New Fortress Energy has a P/B Ratio of 15.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

New Fortress Energy (NASDAQ:NFE) Moving Average Technical Analysis

5 day Moving Average is $33.21 And 5 day price change is $7.20 (27.17%)  with average volume for 5 day average is 2,048,140. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $28.37 and 20 day price change is $5.24 (18.41%) and average 20 day moving volume is 1,110,865. 50 day moving average is $28.83  and 50 day price change is $2.99 ( 9.74%)  and with average volume for 50 days is : 750,360. 200 day moving average is $40.21  and 200 day price change is -$20.92 (-38.30%)  and with average volume for 200 days is : 600,153.

Other owners latest trading in New Fortress Energy :

  • On 8/25/2021 shares held by Marshall Wace LLP were 133,539 which equates to market value of $5.06M and appx 0.00% owners of New Fortress Energy
  • On 8/23/2021 shares held by Morgan Stanley were 341,817 which equates to market value of $12.95M and appx 0.00% owners of New Fortress Energy
  • On 8/17/2021 shares held by Castleark Management LLC were 1,625 which equates to market value of $62K and appx 0.00% owners of New Fortress Energy
  • In total Institutional ownership equates to Institutional Ownership Percentage: 42.85% for New Fortress Energy

See More Analyst Rating at: RATING