In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $7.31 in the prior trading day, NextDecade Corporation (NASDAQ: NEXT) closed at $7.25, down -0.82%. In other words, the price has decreased by -$0.82 from its previous closing price. On the day, 1.22 million shares were traded.
Ratios:
Our goal is to gain a better understanding of NEXT by taking a closer 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.
Stock Price History:
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 -7.45%, while the 200-Day Moving Average is calculated to be 6.51%.
Shares Statistics:
A total of 257.00M shares are outstanding, with a floating share count of 164.73M. Insiders hold about 36.71% of the company’s shares, while institutions hold 44.15% stake in the company.
