The price of NextDecade Corporation (NASDAQ: NEXT) closed at $5.18 in the last session, up 1.57% from day before closing price of $5.10. In other words, the price has increased by $+0.08 from its previous closing price. On the day, 1363100 shares were traded. NEXT stock price reached its highest trading level at $5.32 during the session, while it also had its lowest trading level at $5.10.
Ratios:
We take a closer look at NEXT’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 1.33B and an Enterprise Value of 3.26B.
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 4.89, while the 200-Day Moving Average is calculated to be 5.42.
Shares Statistics:
According to the various share statistics, NEXT traded on average about 1.20M shares per day over the past 3-months and 1.66M shares per day over the past 10 days. 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 8.48, 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
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.25 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.35, while EPS last year was -$0.23. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.06 and low estimates of -$0.36.
Analysts are recommending an EPS of between -$0.25 and -$1.59 for the fiscal current year, implying an average EPS of -$1.11. EPS for the following year is -$1.15, with 2 analysts recommending between -$0.25 and -$2.05.
