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After finishing at $6.42 in the prior trading day, NextDecade Corporation (NASDAQ: NEXT) closed at $6.41, down -0.23%. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 1.0 million shares were traded. NEXT stock price reached its highest trading level at $6.585 during the session, while it also had its lowest trading level at $6.325.
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 0.57 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 1651875200 and an Enterprise Value of 4023893760.
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 15.01%, while the 200-Day Moving Average is calculated to be 22.86%.
Shares Statistics:
The stock has traded on average 1.15M shares per day over the past 3-months and 1166020 shares per day over the last 10 days, according to various share statistics. A total of 254.30M shares are outstanding, with a floating share count of 161.02M. Insiders hold about 37.57% of the company’s shares, while institutions hold 57.95% stake in the company. Shares short for NEXT as of 1713139200 were 11588839 with a Short Ratio of 10.06, compared to 1710460800 on 11272241. Therefore, it implies a Short% of Shares Outstanding of 11588839 and a Short% of Float of 7.35.
