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.

Want to learn more about New Fortress Energy Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about New Fortress Energy Inc.

New Fortress Energy Inc’s Stock Price as of Market Close

As of July 24, 2024, 4:00 PM, CST, New Fortress Energy Inc’s stock price was $20.65.

New Fortress Energy Inc is down 5.49% from its previous closing price of $21.85.

During the last market session, New Fortress Energy Inc’s stock traded between $21.72 and $25.01. Currently, there are 205.06 million shares of New Fortress Energy Inc stock available for purchase.

New Fortress Energy Inc’s price-earnings (P/E) ratio is currently at 9.9, which is low compared to the Utilities - Natural Gas industry median of 17.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

New Fortress Energy Inc Stock Price History

New Fortress Energy Inc’s (NFE) price is currently down 6.05% so far this month.

During the month of July, New Fortress Energy Inc’s stock price has reached a high of $26.22 and a low of $19.03.

Over the last year, New Fortress Energy Inc has hit prices as high as $40.04 and as low as $19.03. Year to date, New Fortress Energy Inc’s stock is down 51.32%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

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 July 23, 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 July 23, 2024, New Fortress Energy Inc has a weighted four-quarter relative price strength of -13.56%, which translates to a Momentum Score of 24 and is considered to be Weak.

Want to learn more about how New Fortress Energy Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

New Fortress Energy Inc Stock Price: Bottom Line

As of July 24, 2024, New Fortress Energy Inc’s stock price is $20.65, which is down 5.49% 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.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.