In the latest session, NextDecade Corporation (NASDAQ: NEXT) closed at $5.37 down -2.89% from its previous closing price of $5.53. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 1149339 shares were traded.
Ratios:
For a deeper understanding of NextDecade Corporation’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1.38B and an Enterprise Value of 3.31B.
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 5.13, while the 200-Day Moving Average is calculated to be 5.40.
Shares Statistics:
For the past three months, NEXT has traded an average of 1.12M shares per day and 955.34k over the past ten days. A total of 254.30M shares are outstanding, with a floating share count of 160.22M. Insiders hold about 37.59% 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 10.09, 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
There are 2 different market analysts currently analyzing its stock. 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.
