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The price of NextDecade Corporation (NASDAQ: NEXT) closed at $5.44 in the last session, down -1.45% from day before closing price of $5.52. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 0.96 million shares were traded. NEXT stock price reached its highest trading level at $5.605 during the session, while it also had its lowest trading level at $5.4.
Ratios:
We take a closer look at NEXT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.45 and its Current Ratio is at 0.45. In the meantime, Its Debt-to-Equity ratio is 4.71 whereas as Long-Term Debt/Eq ratio is at 4.71.
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 this company, TD Cowen on June 06, 2024, Reiterated its Buy rating but revised its target price to $9 from $7 previously.
On August 16, 2023, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $8.
Stifel Upgraded its Hold to Buy on August 15, 2023, whereas the target price for the stock was revised from $7.50 to $9.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jul 29 ’24 when HGC Next Inv LLC bought 11,690,909 shares for $7.50 per share. The transaction valued at 87,681,818 led to the insider holds 17,536,369 shares of the business.
York Capital Management Global sold 35,072,737 shares of NEXT for $263,045,528 on Jul 25 ’24. The Director now owns 4,264,298 shares after completing the transaction at $7.50 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NEXT now has a Market Capitalization of 1411538560 and an Enterprise Value of 5000899072.
Stock Price History:
Over the past 52 weeks, NEXT has reached a high of $8.52, while it has fallen to a 52-week low of $4.01. The 50-Day Moving Average of the stock is 10.70%, while the 200-Day Moving Average is calculated to be -8.60%.
Shares Statistics:
According to the various share statistics, NEXT traded on average about 1.95M shares per day over the past 3-months and 1290860 shares per day over the past 10 days. A total of 254.30M shares are outstanding, with a floating share count of 164.03M. Insiders hold about 36.79% of the company’s shares, while institutions hold 43.91% stake in the company. Shares short for NEXT as of 1727654400 were 17177508 with a Short Ratio of 8.80, compared to 1724976000 on 14849301. Therefore, it implies a Short% of Shares Outstanding of 17177508 and a Short% of Float of 11.18.
