Financial Health Report: NextDecade Corporation (NEXT)’s Ratios Tell a Tale

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NextDecade Corporation (NASDAQ: NEXT) closed the day trading at $7.69 down -1.03% from the previous closing price of $7.77. In other words, the price has decreased by -$1.03 from its previous closing price. On the day, 1.64 million shares were traded. NEXT stock price reached its highest trading level at $7.79 during the session, while it also had its lowest trading level at $7.55.


For a better understanding of NEXT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 0.56. In the meantime, Its Debt-to-Equity ratio is 4.89 whereas as Long-Term Debt/Eq ratio is at 4.88.

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 Sep 29 ’23 when Bardin Hill Investment Partner sold 471,519 shares for $5.13 per share. The transaction valued at 2,419,364 led to the insider holds 11,208,389 shares of the business.

Bardin Hill Investment Partner sold 471,519 shares of NEXT for $2,419,364 on Sep 29 ’23. The Director now owns 11,208,389 shares after completing the transaction at $5.13 per share. On Sep 28 ’23, another insider, Bardin Hill Investment Partner, who serves as the Director of the company, sold 400,000 shares for $5.21 each. As a result, the insider received 2,083,200 and left with 11,679,908 shares of the company.

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 1983973888 and an Enterprise Value of 5091330048.

Stock Price History:

Over the past 52 weeks, NEXT has reached a high of $8.74, while it has fallen to a 52-week low of $4.01. The 50-Day Moving Average of the stock is 18.32%, while the 200-Day Moving Average is calculated to be 43.15%.

Shares Statistics:

Over the past 3-months, NEXT traded about 1.41M shares per day on average, while over the past 10 days, NEXT traded about 2321090 shares per day. A total of 254.30M shares are outstanding, with a floating share count of 169.50M. Insiders hold about 34.30% of the company’s shares, while institutions hold 53.76% stake in the company. Shares short for NEXT as of 1715731200 were 11129176 with a Short Ratio of 7.91, compared to 1713139200 on 11588839. Therefore, it implies a Short% of Shares Outstanding of 11129176 and a Short% of Float of 7.31.

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