During the last session, NextDecade Corporation (NASDAQ:NEXT)’s traded shares were 1.2 million, with the beta value of the company hitting 0.60. At the end of the trading day, the stock’s price was $4.96, reflecting an intraday loss of -8.32% or -$0.45. The 52-week high for the NEXT share is $8.10, that puts it down -63.31 from that peak though still a striking 58.06% gain since the share price plummeted to a 52-week low of $2.08. The company’s market capitalization is $682.35M, and the average intraday trading volume over the past 10 days was 1.07 million shares, and the average trade volume was 1.88 million shares over the past three months.
NextDecade Corporation (NEXT) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.90. NEXT has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.08.
NextDecade Corporation (NASDAQ:NEXT) trade information
NextDecade Corporation (NEXT) registered a -8.32% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.32% in intraday trading to $4.96 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -12.83%, and it has moved by -24.51% in 30 days. Based on these gigs, the overall price performance for the year is 11.46%. The short interest in NextDecade Corporation (NASDAQ:NEXT) is 2.22 million shares and it means that shorts have 0.97 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.17, which implies an increase of 30.82% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.50 and $10.00 respectively. As a result, NEXT is trading at a discount of -101.61% off the target high and 9.27% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.50%. While earnings are projected to return -38.40% in 2022, the next five years will return 0.60% per annum.
NextDecade Corporation is due to release its next quarterly earnings between March 23 and March 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
NextDecade Corporation insiders own 3.28% of total outstanding shares while institutional holders control 85.55%, with the float percentage being 88.45%. York Capital Management Global Advisors, LLC is the largest shareholder of the company, while 83 institutions own stock in it. As of Dec 30, 2021, the company held over 54.34 million shares (or 44.05% of all shares), a total value of $154.86 million in shares.
The next largest institutional holding, with 9.49 million shares, is of Bardin Hill Management Partners LP’s that is approximately 7.69% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $27.04 million.
Also, the Mutual Funds coming in first place with the largest holdings of NextDecade Corporation (NEXT) shares are Vanguard Total Stock Market Index Fund and Mutual Fund Ser Tr-Catalyst MLP & Infrastructure Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 1.29 million shares. This amounts to just over 1.05 percent of the company’s overall shares, with a $3.69 million market value. The same data shows that the other fund manager holds slightly less at 0.87 million, or about 0.71% of the stock, which is worth about $2.48 million.