For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of NextDecade Corporation (NASDAQ: NEXT) was $8.76 for the day, up 1.74% from the previous closing price of $8.61. In other words, the price has increased by $1.74 from its previous closing price. On the day, 1.78 million shares were traded. NEXT stock price reached its highest trading level at $8.886 during the session, while it also had its lowest trading level at $8.57.
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 0.85 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 15.52 whereas as Long-Term Debt/Eq ratio is at 15.52.
On June 06, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $7 to $9.
Wolfe Research Upgraded its Peer Perform to Outperform on August 16, 2023, while the target price for the stock was maintained at $8.
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 2285256192 and an Enterprise Value of 8271215616.
Stock Price History:
The Beta on a monthly basis for NEXT is 1.08, which has changed by 0.103274584 over the last 52 weeks, in comparison to a change of 0.12463009 over the same period for the S&P500. Over the past 52 weeks, NEXT has reached a high of $9.71, while it has fallen to a 52-week low of $4.27. The 50-Day Moving Average of the stock is 11.07%, while the 200-Day Moving Average is calculated to be 22.20%.
Shares Statistics:
NEXT traded an average of 2.06M shares per day over the past three months and 2751660 shares per day over the past ten days. A total of 257.60M shares are outstanding, with a floating share count of 165.04M. Insiders hold about 36.74% of the company’s shares, while institutions hold 43.62% stake in the company. Shares short for NEXT as of 1749772800 were 12267794 with a Short Ratio of 5.96, compared to 1747267200 on 11032011. Therefore, it implies a Short% of Shares Outstanding of 12267794 and a Short% of Float of 8.04.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
