Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
NextDecade Corporation (NASDAQ: NEXT) closed the day trading at $8.18 down -3.88% from the previous closing price of $8.51. In other words, the price has decreased by -$3.88 from its previous closing price. On the day, 3.13 million shares were traded. NEXT stock price reached its highest trading level at $8.405 during the session, while it also had its lowest trading level at $8.04.
Ratios:
For a better understanding of NEXT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.49 and its Current Ratio is at 0.49. In the meantime, Its Debt-to-Equity ratio is 5.17 whereas as Long-Term Debt/Eq ratio is at 5.17.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2129180544 and an Enterprise Value of 6015416832.
Stock Price History:
The Beta on a monthly basis for NEXT is 1.28, which has changed by 0.6178707 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, NEXT has reached a high of $9.47, while it has fallen to a 52-week low of $4.27. The 50-Day Moving Average of the stock is 9.64%, while the 200-Day Moving Average is calculated to be 23.50%.
Shares Statistics:
Over the past 3-months, NEXT traded about 2.00M shares per day on average, while over the past 10 days, NEXT traded about 2580900 shares per day. A total of 257.00M shares are outstanding, with a floating share count of 164.82M. Insiders hold about 36.68% of the company’s shares, while institutions hold 46.83% stake in the company. Shares short for NEXT as of 1735603200 were 12402387 with a Short Ratio of 6.21, compared to 1732838400 on 14111942. Therefore, it implies a Short% of Shares Outstanding of 12402387 and a Short% of Float of 8.0299996.
