NextDecade Corporation (NEXT) concluded trading on Wednesday at a closing price of $4.84, with 3.22 million shares of worth about $15.59 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.83% during that period and on August 14, 2024 the price saw a loss of about -4.16%. Currently the company’s common shares owned by public are about 254.30M shares, out of which, 163.16M shares are available for trading.
Stock saw a price change of -8.51% in past 5 days and over the past one month there was a price change of -40.54%. Year-to-date (YTD), NEXT shares are showing a performance of 1.47% which decreased to -12.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.01 but also hit the highest price of $8.52 during that period. The average intraday trading volume for NextDecade Corporation shares is 2.05 million. The stock is currently trading -32.37% below its 20-day simple moving average (SMA20), while that difference is down -36.08% for SMA50 and it goes to -17.94% lower than SMA200.
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NextDecade Corporation (NASDAQ: NEXT) currently have 254.30M outstanding shares and institutions hold larger chunk of about 41.06% of that.
The stock has a current market capitalization of $1.25B and its 3Y-monthly beta is at 1.39. It has posted earnings per share of -$0.77 in the same period. It has Quick Ratio of 0.56 while making debt-to-equity ratio of 4.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NEXT, volatility over the week remained 9.02% while standing at 7.30% over the month.
Analysts are in expectations that NextDecade Corporation (NEXT) stock would likely to be making an EPS of -0.11 in the current quarter, while forecast for next quarter EPS is -0.16 and it is -0.75 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.24 which is -0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.84 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 88.21% while it is estimated to decrease by -581.82% in next year. EPS is likely to grow at an annualized rate of 0.60% for next 5-years, compared to annual growth of -18.13% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on June 06, 2024 offering a Buy rating for the stock and assigned a target price range of between $7 and $9 to it. Coverage by Wolfe Research stated NextDecade Corporation (NEXT) stock as an Outperform in their note to investors on August 16, 2023, suggesting a price target of $8 for the stock. On August 15, 2023, Stifel Upgrade their recommendations, while on July 28, 2022, Stifel Upgrade their ratings for the stock with a price target of $6. Stock get a Sell rating from Stifel on April 26, 2022.
