Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate New Fortress Energy Inc before investing.

In this article, we go over a few key elements for understanding New Fortress Energy Inc’s stock price such as:

• New Fortress Energy Inc’s current stock price and volume
• Why New Fortress Energy Inc’s stock price changed recently
• Upgrades and downgrades for NFE from analysts
• NFE’s stock price momentum as measured by its relative strength

About New Fortress Energy Inc (NFE)

Before we jump into New Fortress Energy Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

New Fortress Energy Inc. is an energy infrastructure company, which is engaged in providing energy and development services. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure, and an integrated fleet of ships and logistics assets to rapidly deliver energy solutions to global markets. The Company operates through two segments: Ships, and Terminals and Infrastructure. Its Ships segment includes all vessels, which are leased to customers under long-term or spot arrangements. Ships segment includes Floating Storage and Regasification Units (FSRUs), Floating Storage Units (FSUs) and LNG carriers (LNGCs). The Terminals and Infrastructure segment includes the entire production and delivery chain from natural gas procurement and liquefaction to logistics, shipping, facilities and conversion or development of natural gas-fired power generation. This segment includes all terminal operations in Jamaica, Puerto Rico, Mexico and Brazil.

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What Caused New Fortress Energy Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 28, 2024, there were 2 analysts who downgraded New Fortress Energy Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate New Fortress Energy Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on New Fortress Energy Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

New Fortress Energy Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about New Fortress Energy Inc (NFE) by visiting AAII Stock Evaluator.

Relative Price Strength of New Fortress Energy Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 28, 2024, New Fortress Energy Inc has a weighted four-quarter relative price strength of -11.55%, which translates to a Momentum Score of 31 and is considered to be Weak.

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New Fortress Energy Inc Stock Price: Bottom Line

As of July 1, 2024, New Fortress Energy Inc’s stock price is $20.40, which is down 7.19% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like New Fortress Energy Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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