Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $11.09 in the prior trading day, NextDecade Corporation (NASDAQ: NEXT) closed at $11.24, up 1.35%. In other words, the price has increased by $1.35 from its previous closing price. On the day, 1.74 million shares were traded. NEXT stock price reached its highest trading level at $11.49 during the session, while it also had its lowest trading level at $11.06.
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 0.85 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 15.52 whereas as Long-Term Debt/Eq ratio is at 15.52.
On June 06, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $7 to $9.
Wolfe Research Upgraded its Peer Perform to Outperform on August 16, 2023, while the target price for the stock was maintained at $8.
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 Jul 29 ’24 when HGC Next Inv LLC bought 11,690,909 shares for $7.50 per share. The transaction valued at 87,681,818 led to the insider holds 17,536,369 shares of the business.
York Capital Management Global sold 35,072,737 shares of NEXT for $263,045,528 on Jul 25 ’24. The Director now owns 4,264,298 shares after completing the transaction at $7.50 per share.
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 2932223744 and an Enterprise Value of 8918183936.
Stock Price History:
The Beta on a monthly basis for NEXT is 1.22, which has changed by 0.44658947 over the last 52 weeks, in comparison to a change of 0.17774606 over the same period for the S&P500. Over the past 52 weeks, NEXT has reached a high of $12.12, while it has fallen to a 52-week low of $4.27. The 50-Day Moving Average of the stock is 27.07%, while the 200-Day Moving Average is calculated to be 46.89%.
Shares Statistics:
The stock has traded on average 2.30M shares per day over the past 3-months and 3843380 shares per day over the last 10 days, according to various share statistics. A total of 257.60M shares are outstanding, with a floating share count of 165.44M. Insiders hold about 36.58% of the company’s shares, while institutions hold 43.65% stake in the company. Shares short for NEXT as of 1751241600 were 12052145 with a Short Ratio of 5.25, compared to 1748563200 on 12296152. Therefore, it implies a Short% of Shares Outstanding of 12052145 and a Short% of Float of 7.89.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
