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The closing price of NextDecade Corporation (NASDAQ: NEXT) was $4.47 for the day, down -5.70% from the previous closing price of $4.74. In other words, the price has decreased by -$5.70 from its previous closing price. On the day, 2.39 million shares were traded. NEXT stock price reached its highest trading level at $4.8 during the session, while it also had its lowest trading level at $4.27.
Ratios:
Our analysis of NEXT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.45 and its Current Ratio is at 0.45. In the meantime, Its Debt-to-Equity ratio is 4.71 whereas as Long-Term Debt/Eq ratio is at 4.71.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on June 06, 2024, Reiterated its Buy rating but revised its target price to $9 from $7 previously.
On August 16, 2023, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $8.
Stifel Upgraded its Hold to Buy on August 15, 2023, whereas the target price for the stock was revised from $7.50 to $9.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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. On Sep 29 ’23, another insider, Bardin Hill Investment Partner, who serves as the Director of the company, sold 471,519 shares for $5.13 each. As a result, the insider received 2,419,364 and left with 11,208,389 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 1159848704 and an Enterprise Value of 4749209088.
Stock Price History:
Over the past 52 weeks, NEXT has reached a high of $8.52, while it has fallen to a 52-week low of $4.01. The 50-Day Moving Average of the stock is -30.79%, while the 200-Day Moving Average is calculated to be -24.52%.
Shares Statistics:
NEXT traded an average of 1.99M shares per day over the past three months and 1628750 shares per day over the past ten days. A total of 254.30M shares are outstanding, with a floating share count of 163.48M. Insiders hold about 37.00% of the company’s shares, while institutions hold 43.90% stake in the company. Shares short for NEXT as of 1723680000 were 11574308 with a Short Ratio of 5.82, compared to 1721001600 on 12202175. Therefore, it implies a Short% of Shares Outstanding of 11574308 and a Short% of Float of 7.53.
