For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of NextDecade Corporation (NASDAQ: NEXT) was $8.67 for the day, down -4.20% from the previous closing price of $9.05. In other words, the price has decreased by -$4.20 from its previous closing price. On the day, 2.83 million shares were traded. NEXT stock price reached its highest trading level at $9.03 during the session, while it also had its lowest trading level at $8.54.
Ratios:
Our analysis of NEXT’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2256722944 and an Enterprise Value of 6057063424.
Stock Price History:
The Beta on a monthly basis for NEXT is 1.29, which has changed by 0.8893528 over the last 52 weeks, in comparison to a change of 0.24359846 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 17.40%, while the 200-Day Moving Average is calculated to be 31.70%.
Shares Statistics:
NEXT traded an average of 1.92M shares per day over the past three months and 2276440 shares per day over the past ten days. 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 47.01% stake in the company. Shares short for NEXT as of 1735603200 were 12402387 with a Short Ratio of 6.46, compared to 1732838400 on 14111942. Therefore, it implies a Short% of Shares Outstanding of 12402387 and a Short% of Float of 8.0299996.
