New Fortress Energy Stock Price on October 1, 2024
| NFE Stock | USD 9.51 0.33 3.59% |
Below is the normalized historical share price chart for New Fortress Energy extending back to January 31, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of New Fortress stands at 9.51, as last reported on the 22nd of November, with the highest price reaching 9.72 and the lowest price hitting 9.10 during the day.
If you're considering investing in New Stock, it is important to understand the factors that can impact its price. New Fortress Energy has Sharpe Ratio of -0.0733, which conveys that the firm had a -0.0733% return per unit of risk over the last 3 months. New Fortress exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify New Fortress' Mean Deviation of 4.04, standard deviation of 4.96, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide.
The current year's Liabilities And Stockholders Equity is expected to grow to about 11 B, whereas Total Stockholder Equity is forecasted to decline to about 826.4 M. . At present, New Fortress' Price Earnings To Growth Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 9.89, whereas Price Book Value Ratio is forecasted to decline to 4.08. New Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 31st of January 2019 | 200 Day MA 20.5854 | 50 Day MA 9.3965 | Beta 1.51 |
New |
Sharpe Ratio = -0.0733
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| Negative Returns | NFE |
Estimated Market Risk
| 5.08 actual daily | 45 55% of assets are more volatile |
Expected Return
| -0.37 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average New Fortress is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of New Fortress by adding New Fortress to a well-diversified portfolio.
Price Book 1.4761 | Enterprise Value Ebitda 15.024 | Price Sales 0.9546 | Shares Float 95.5 M | Dividend Share 0.4 |
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New Fortress Valuation on October 1, 2024
It is possible to determine the worth of New Fortress on a given historical date. On October 1, 2024 New was worth 9.31 at the beginning of the trading date compared to the closed value of 9.68. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of New Fortress stock. Still, in general, we apply an absolute valuation method to find New Fortress' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of New Fortress where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against New Fortress' related companies.
| Open | High | Low | Close | Volume | |
| 9.51 | 9.58 | 8.20 | 9.09 | 9,369,428 | |
10/01/2024 | 9.31 | 11.32 | 9.26 | 9.68 | 26,603,567 |
| 9.77 | 9.99 | 8.64 | 8.94 | 15,023,788 |
| Backtest New Fortress | | | New Fortress History | | | New Fortress Valuation | Previous | Next |
New Fortress Trading Date Momentum on October 1, 2024
| On October 02 2024 New Fortress Energy was traded for 8.94 at the closing time. Highest New Fortress's price during the trading hours was 9.99 and the lowest price during the day was 8.64 . The net volume was 15 M. The overall trading history on the 2nd of October contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 7.64% . The trading delta at closing time to current price is 4.96% . |
New Fortress Energy Fundamentals Correlations and Trends
By evaluating New Fortress' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among New Fortress' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. New financial account trend analysis is a perfect complement when working with valuation or volatility modules.About New Fortress Stock history
New Fortress investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for New is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in New Fortress Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing New Fortress stock prices may prove useful in developing a viable investing in New Fortress
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 206.5 M | 128.9 M | |
| Net Income Applicable To Common Shares | 223.7 M | 234.8 M |
New Fortress Stock Technical Analysis
New Fortress technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
New Fortress Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
New Fortress Energy cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
New Fortress November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how New Fortress stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading New Fortress shares will generate the highest return on investment. By undertsting and applying New Fortress stock market strength indicators, traders can identify New Fortress Energy entry and exit signals to maximize returns
New Fortress Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for New Fortress' price direction in advance. Along with the technical and fundamental analysis of New Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of New to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.59) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (0.16) |
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Complementary Tools for New Stock analysis
When running New Fortress' price analysis, check to measure New Fortress' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Fortress is operating at the current time. Most of New Fortress' value examination focuses on studying past and present price action to predict the probability of New Fortress' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Fortress' price. Additionally, you may evaluate how the addition of New Fortress to your portfolios can decrease your overall portfolio volatility.
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