New Fortress Energy Inc. (NFE): What Does Valuation Ratios Tell Us?

New Fortress Energy Inc. (NASDAQ:NFE) saw an upside of 1.88% to close Monday at $33.01 after adding $0.61 on the day. The 5-day average trading volume is 2,086,500 shares of the company’s common stock. It has gained $36.25 in the past week. An average of 1,085,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 741,466.

NFE’s 1-month performance is 19.73% or $5.44 on its low of $23.80 reached on 10/06/21. The company’s shares have touched a 52-week low of $23.80 and high of $65.90, with the stock’s rally to the 52-week high happening on 01/13/21. YTD, NFE has lost -38.40% or -$20.58. However, the current price is down -49.91%% from the 52-week high price.

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Insider Transactions

On Jun 23, 111 days have gone by since the last insider trading activity for New Fortress Energy Inc. (NFE). NFE SMRS Holdings LLC (10% Owner) most recently sold 14,863 shares at $40.54 per share on Jun 23. This transaction cost the insider $602,546. 10% Owner, NFE SMRS Holdings LLC, sold 300 shares at a price of $40.50 on Jun 22. Then, on Jun 21, 10% Owner NFE SMRS Holdings LLC sold 103,764 shares at a price of $40.82 per share. This transaction amounted to $4,235,936.

Valuation Metrics

New Fortress Energy Inc. (NFE) has a trailing price-to-earnings (P/E) ratio of 17.20 for the broader industry and 22.89 for the sector.NFE stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.74 while the price-to-book (PB) in the most recent quarter is 3.79.

New Fortress Energy Inc. pays an annual dividend of $0.40 per share. Its dividend yield is 1.21%. NFE’s most recent quarterly dividend payment was made on Sep. 17, when it paid $0.10 a share compared with prior rate of $0.10, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive year.

It is projected that New Fortress Energy Inc.’s next ex-dividend date will be on 3-Dec. NFE is expected to distribute $0.10 as its next dividend.

New Fortress Energy Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70 meaning that NFE stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.89, while the total debt to equity was 2.00. In terms of profitability, the gross margin trailing 12 months is 52.00%. The trailing 12-month EBITDA margin is 0.44% while for the period ending June 29; New Fortress Energy Inc.’s operating margin was -4.40%. The firm’s gross profit as reported stood at -$155.36 million against revenue of $451.65 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NFE to announce -$0.02 per share in earnings in its latest quarter, but it posted -$0.03, representing a -50.00% surprise. EBITDA for the quarter stood at more than $8.37 million. NFE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.39 billion, with total debt at $3.68 billion. Shareholders hold equity totaling $206.7 million

Technical Picture

Let’s look briefly at New Fortress Energy Inc. (NFE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 69.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 129.09%.

The stock’s 5-day moving average is $29.95, reflecting a +33.43% or $8.27 change from its current price. NFE is currently trading +13.71% above its 20-day SMA, -21.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +8.91% and -39.31% respectively.

Stochastic %K and %D was 81.02% and 69.95% and the average true range (ATR) pointed at 2.58. The RSI (14) points at 64.43%, while the 14-day stochastic is at 73.98% with the period’s ATR at 2.23. The stock’s 9-day MACD Oscillator is pointing at 4.51 and 4.94 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for New Fortress Energy Inc. (NASDAQ: NFE), Credit Suisse upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for NFE stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NFE as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.

What is NFE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $31.00 and a high of $69.00, with their median price target at $58.00. Looking at these predictions, the average price target given by analysts is for New Fortress Energy Inc. (NFE) stock is $52.90.


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