How to Buy New Fortress Energy Stock
New Fortress Energy Inc
New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide.
New Fortress Energy stock last closed at $28.07, down 0.25% from the previous day, and has decreased 8.12% in one year. It has overperformed other stocks in the Utilities - Regulated Gas industry by 0.02 percentage points. New Fortress Energy stock is currently +12.01% from its 52-week low of $25.06, and -29.9% from its 52-week high of $40.04.
There are currently 205.03M NFE shares outstanding. The market value of NFE is $5.76B. In the last 24 hours, 1.04M NFE shares were traded.
How to Buy New Fortress Energy Stock
Not sure how to invest in New Fortress Energy stock? Here's how.
- Figure out where to buy New Fortress Energy stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy New Fortress Energy stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Select your method of payment and add your info.
- Evaluate New Fortress Energy stock: The New Fortress Energy ticker symbol is NFE. Is New Fortress Energy stock a good investment? Should you buy shares of NFE? How do NFE's underlying business fundamentals look? Do top analysts think New Fortress Energy is a good buy? Why has NFE's stock price moved recently? (Hint: Our stock analysis website can help you decide if NFE is a good stock to buy).
- Execute your NFE buy order: Decide if you will purchase NFE shares at the current market price or use a limit order to purchase NFE stock at a specific price.
- Get updates on your NFE position: Create a watchlist to track your new investment in New Fortress Energy stock.
Step 1: Figure out where to buy New Fortress Energy stock
You need a brokerage account in order to access the NASDAQ market and buy NFE shares.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal details so you can invest in NFE stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have filled out your info on a good online stock trading app, you can securely and quickly fund your account:
Watch the video below to see the process of depositing money into your investment account.
Step 4: Evaluate New Fortress Energy stock
After you have chosen the best place to buy New Fortress Energy stock, it's critical to analyze their stock prior to investing, so you can wrap your head around the risk and opportunity.
New Fortress Energy stock quick numbers
Fundamentals of NFE
WallStreetZen was created to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on NFE's stock page.
Is NFE stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge NFE's true value.
Using relative valuations metrics:
- NFE could be undervalued based on its P/E ratio of 10.55x, relative to Utilities - Regulated Gas industry P/E ratio of 14.92x
- NFE could be overvalued based on its P/B ratio of 3.51x, relative to Utilities - Regulated Gas industry P/B ratio of 1.75x
- NFE could be undervalued based on its PEG ratio of 0.08x
You can access more valuation analysis on NFE's stock here.
A quick look at NFE Financials
Pros:
- NFE profit margin has gone up from 8.2% to 22.7% in the past year.
Cons:
- Total NFE debt is higher than 5 years ago, relative to shareholder equity.
- There are more short-term liabilities than short-term assets on the NFE balance sheet.
- There are more long-term liabilities than short-term assets on the NFE balance sheet.
- NFE has $310.81M in cash and short term investments. This is not enough to cover its annual cash burn of $2.21B.
- NFE has a relatively high debt to equity ratio of 5.32.
- NFE has cash burn of 2205078000. It does not have sufficient cash and short-term investments to cover this.
Do Wall Street analysts think it's a good time to buy New Fortress Energy stock
Out of 3 Wall Street analysts who monitor NFE, the consensus analyst rating on NFE is a Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the New Fortress Energy stock forecast page.
NFE Momentum
NFE Revenue
Last year, NFE earnings were $547.88M. In the last 2 year, NFE's earnings have gone up by 132.99% per year. This was faster than the Utilities - Regulated Gas industry average of 21.81%.
Last year, NFE revenue was $2.41B. During the past five year, NFE's revenue has grown by 84.69% per year. This was faster than the Utilities - Regulated Gas industry average of 11.16%.
Find out more about NFE's earnings and revenue performance here.
What are NFE executives and large shareholders up to?
Over the last year, executives and large shareholders at NFE have bought more shares than they have sold.
Desmond Iain Catterall, Director of NFE, was the latest NFE insider to buy. They bought $125,640.36 worth of NFE stock on May 26, 2023.
Learn more about who owns NFE shares here.
Does NFE stock generate passive income?
No, New Fortress Energy doesn't provide an income stream by paying out dividends.
NFE Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your NFE buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, use a limit order.
Click the Open button and eToro will execute the order.
If you require additional info about buying stocks on eToro, click the helpful video below:
Step 6: Get updates on your NFE position
Now that you own some NFE stock, you'll want to stay up-to-date on your new stock purchase.
Add NFE to a watchlist to keep track of your NFE stock.
NFE Feed
How to Buy Stock in New Fortress Energy
To summarize, here are the 6 steps to buy stock in New Fortress Energy:
- Figure out where to buy New Fortress Energy stock
- Open a brokerage account
- Put funds into your brokerage account
- Evaluate New Fortress Energy stock
- Execute your NFE buy order
- Get updates on your NFE position
If you require a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your new investment in New Fortress Energy, add NFE to your watchlist below.
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