Considering NextDecade Corporation (NEXT) as a potential investment: What Should You Do?

After finishing at $5.85 in the prior trading day, NextDecade Corporation (NASDAQ: NEXT) closed at $5.80, down -0.85%. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 521995 shares were traded. NEXT stock price reached its highest trading level at $6.00 during the session, while it also had its lowest trading level at $5.62.

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Our goal is to gain a better understanding of NEXT by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on July 28, 2022, Upgraded its rating to Hold and sets its target price to $6 from $4.50 previously.

On April 26, 2022, Stifel Downgraded its rating to Sell which previously was Hold and also upped its target price recommendation from $2 to $4.

Credit Suisse Downgraded its Outperform to Neutral on April 01, 2022, whereas the target price for the stock was revised from $3 to $7.50.

Stock Price History:

Over the past 52 weeks, NEXT has reached a high of $8.95, while it has fallen to a 52-week low of $2.08. The 50-Day Moving Average of the stock is 5.22, while the 200-Day Moving Average is calculated to be 6.13.

Shares Statistics:

The stock has traded on average 551.75K shares per day over the past 3-months and 442.31k shares per day over the last 10 days, according to various share statistics. A total of 144.39M shares are outstanding, with a floating share count of 135.06M. Insiders hold about 1.50% of the company’s shares, while institutions hold 83.30% stake in the company. Shares short for NEXT as of Oct 13, 2022 were 4.49M with a Short Ratio of 5.85M, compared to 4.07M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.11% and a Short% of Float of 7.10%.

Earnings Estimates

Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.14, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.03 and low estimates of -$0.08.

Analysts are recommending an EPS of between -$0.27 and -$0.37 for the fiscal current year, implying an average EPS of -$0.31. EPS for the following year is -$0.2, with 2 analysts recommending between -$0.12 and -$0.28.