As of close of business last night, NextDecade Corporation’s stock clocked out at $6.23, up 3.32% from its previous closing price of $6.03. In other words, the price has increased by $+0.20 from its previous closing price. On the day, 1809162 shares were traded.
Ratios:
To gain a deeper understanding of NEXT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.57 and its Current Ratio is at 0.57. In the meantime, Its Debt-to-Equity ratio is 6.83 whereas as Long-Term Debt/Eq ratio is at 6.82.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1.60B and an Enterprise Value of 3.53B.
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 5.26, while the 200-Day Moving Average is calculated to be 5.32.
Shares Statistics:
It appears that NEXT traded 1.10M shares on average per day over the past three months and 1.02M shares per day over the past ten days. A total of 254.30M shares are outstanding, with a floating share count of 160.27M. Insiders hold about 37.57% of the company’s shares, while institutions hold 57.96% stake in the company. Shares short for NEXT as of Mar 15, 2024 were 11.27M with a Short Ratio of 10.14, compared to 10.18M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.39% and a Short% of Float of 7.15%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.13, while EPS last year was -$0.23. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.06 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.22 and -$0.52 for the fiscal current year, implying an average EPS of -$0.37. EPS for the following year is -$0.22, with 1 analysts recommending between -$0.22 and -$0.22.
