NextDecade Corporation (NASDAQ: NEXT) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 254.30M common shares owned by the public and among those 165.49M shares have been available to trade.

The company’s stock has a 5-day price change of -20.22% and -2.14% over the past three months. NEXT shares are trading 33.96% year to date (YTD), with the 12-month market performance up to 14.52% higher. It has a 12-month low price of $4.01 and touched a high of $8.52 over the same period. NEXT has an average intraday trading volume of 1.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.46%, -17.76%, and 8.76% respectively.

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Institutional ownership of NextDecade Corporation (NASDAQ: NEXT) shares accounts for 40.26% of the company’s 254.30M shares outstanding.

It has a market capitalization of $1.65B and a beta (3y monthly) value of 1.32. The earnings-per-share (ttm) stands at -$0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.22% over the week and 5.48% over the month.

Analysts forecast that NextDecade Corporation (NEXT) will achieve an EPS of -0.11 for the current quarter, -0.16 for the next quarter and -0.75 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.24 while analysts give the company a high EPS estimate of -0.24. Comparatively, EPS for the current quarter was -0.84 a year ago. Earnings per share for the fiscal year are expected to increase by 88.21%, and -581.82% over the next financial year. EPS should grow at an annualized rate of 0.60% over the next five years, compared to -18.13% over the past 5-year period.

Looking at the support for the NEXT, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on June 06, 2024, with the firm’s price target at $7-$9. Wolfe Research coverage for the NextDecade Corporation (NEXT) stock in a research note released on August 16, 2023 offered a Outperform rating with a price target of $8. Stifel was of a view on August 15, 2023 that the stock is Buy, while Stifel gave the stock Hold rating on July 28, 2022, issuing a price target of $4.50- $6. Stifel on their part issued Sell rating on April 26, 2022.

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