In the last trading session, 1,997,339 NextDecade Corporation (NASDAQ:NEXT) shares changed hands as the company’s beta touched -0.16. With the company’s per share price at $4.34 changed hands at $0.4 or 0.1% during last session, the market valuation stood at $539.78 Million. NEXT’s last price was a discount, traded about -41.24% off its 52-week high of $6.13. The share price had its 52-week low at $1.19, which suggests the last value was 72.58% up since then. When we look at NextDecade Corporation’s average trading volume, we note the 10-day average is 1.48 Million shares, with the 3-month average coming to 3.54 Million.
Analysts gave the NextDecade Corporation (NEXT) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.4. If we narrow down to specifics, the data shows that none out of 7 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 3 recommended NEXT as a Hold, 4 felt it is a Buy and none rated the stock as Underweight. NextDecade Corporation’s EPS for the current quarter is expected to be -$0.06.
NextDecade Corporation (NASDAQ:NEXT) trade information
Instantly NEXT was in green as seen at the end of in last trading. With action 10.15%, the performance over the past five days has been green. The jump to weekly highs of $4.40- on Friday, Jun 18 added 1.36% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.08%, with the 5-day performance at 0.02% in the green. However, in the 30-day time frame, NextDecade Corporation (NASDAQ:NEXT) is 1.12% up. Looking at the short shares, we see there were 1.44 Million shares sold at short interest cover period of 0.41 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.86, meaning bulls need a downside of -11.06% from its current market value. According to analyst projections, NEXT’s forecast low is $2 with $6 as the target high. To hit the forecast high, the stock’s price needs a +38.25% upsurge from its current level, while the stock would need to tank -53.92% for it to hit the projected low.
NextDecade Corporation (NEXT) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -30.5%. The 2021 estimates are for NextDecade Corporation earnings to increase by 45%, but the outlook for the next 5-year period is at 0.6% per year.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.7% of NextDecade Corporation shares while 85.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.53%. There are 88 institutions holding the NextDecade Corporation stock share, with York Capital Management Global Advisors, LLC the top institutional holder. As of Mar 30, 2021, the company held 44.47% of the shares, roughly 54.34 Million NEXT shares worth $145.08 Million.
Valinor Management, LLC holds the second largest percentage of outstanding shares, with 16% or 19.55 Million shares worth $52.2 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 1539760 shares estimated at $4.11 Million under it, the former controlled 1.26% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.46% of the shares, roughly 567.63 Thousand shares worth around $1.52 Million.