After finishing at $5.11 in the prior trading day, NextDecade Corporation (NASDAQ: NEXT) closed at $4.95, down -3.13%. In other words, the price has decreased by -$0.1600 from its previous closing price. On the day, 714352 shares were traded. NEXT stock price reached its highest trading level at $5.1950 during the session, while it also had its lowest trading level at $4.9200.
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 0.85 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.31.
On August 15, 2023, Stifel Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $7.50 to $9.
Stifel Upgraded its Sell to Hold on July 28, 2022, whereas the target price for the stock was revised from $4.50 to $6.
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 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. The Director now owns 11,208,389 shares after completing the transaction at $5.13 per share. On Sep 28, 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 1.27B and an Enterprise Value of 2.75B.
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 $3.92. The 50-Day Moving Average of the stock is 4.8452, while the 200-Day Moving Average is calculated to be 5.4862.
Shares Statistics:
The stock has traded on average 1.14M shares per day over the past 3-months and 1.08M shares per day over the last 10 days, according to various share statistics. A total of 256.58M shares are outstanding, with a floating share count of 172.76M. Insiders hold about 32.67% of the company’s shares, while institutions hold 58.85% stake in the company. Shares short for NEXT as of Jan 31, 2024 were 9.98M with a Short Ratio of 8.75, compared to 10.41M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.89% and a Short% of Float of 6.33%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.29, while EPS last year was -$0.18. The consensus estimate for the next quarter is -$0.22, with high estimates of -$0.06 and low estimates of -$0.3.
Analysts are recommending an EPS of between -$0.66 and -$1.31 for the fiscal current year, implying an average EPS of -$0.95. EPS for the following year is -$1.01, with 3 analysts recommending between -$0.25 and -$1.59.
