Currently, there are 257.10M common shares owned by the public and among those 164.83M shares have been available to trade.
The company’s stock has a 5-day price change of 25.37% and 24.45% over the past three months. NEXT shares are trading 10.25% year to date (YTD), with the 12-month market performance up to 60.08% higher. It has a 12-month low price of $4.27 and touched a high of $9.47 over the same period. NEXT has an average intraday trading volume of 1.76 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 13.51%, 7.15%, and 24.61% respectively.
Institutional ownership of NextDecade Corporation (NASDAQ: NEXT) shares accounts for 44.13% of the company’s 257.10M shares outstanding.
It has a market capitalization of $2.21B and a beta (3y monthly) value of 0.83. The earnings-per-share (ttm) stands at -$0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.75% over the week and 7.41% over the month.
Earnings per share for the fiscal year are expected to decrease by -93.27%, and -33.33% over the next financial year. EPS should shrink at an annualized rate of 7.62% over the next five years, compared to 11.71% 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.
