NextDecade Corporation (NASDAQ: NEXT) closed the day trading at $5.50 up 1.29% from the previous closing price of $5.43. On the day, 978691 shares were traded.
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Ratios:
For a better understanding of NEXT, let’s look at 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:
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 ’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 1.39B and an Enterprise Value of 3.32B.
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 4.95, while the 200-Day Moving Average is calculated to be 5.42.
Shares Statistics:
Over the past 3-months, NEXT traded about 1.11M shares per day on average, while over the past 10 days, NEXT traded about 1.47M shares per day. A total of 254.30M shares are outstanding, with a floating share count of 160.73M. Insiders hold about 37.39% of the company’s shares, while institutions hold 58.82% stake in the company. Shares short for NEXT as of Feb 29, 2024 were 10.21M with a Short Ratio of 9.20, compared to 9.98M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.98% and a Short% of Float of 6.48%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. 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.
