In the latest trading session,, 0.52 million NextDecade Corporation (NASDAQ:NEXT) shares changed hands as the company’s beta touched 1.28. With the company’s most recent per share price at $4.46 changed hands at -$0.28 or -5.91% at last look, the market valuation stands at $1.16B. NEXT’s current price is a discount, trading about -91.03% off its 52-week high of $8.52. The share price had its 52-week low at $4.01, which suggests the last value was 10.09% up since then. When we look at NextDecade Corporation’s average trading volume, we note the 10-day average is 1.54 million shares, with the 3-month average coming to 1.99 million.
Analysts gave the NextDecade Corporation (NEXT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 2 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended NEXT as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. NextDecade Corporation’s EPS for the current quarter is expected to be -0.16.
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NextDecade Corporation (NASDAQ:NEXT) trade information
Instantly NEXT was in red as seen in intraday trades today. With action 0.90%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.50%, with the 5-day performance at 0.90% in the green. However, in the 30-day time frame, NextDecade Corporation (NASDAQ:NEXT) is -10.26% down. Looking at the short shares, we see there were 11.57 million shares sold at short interest cover period of 4.56 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 65.69% from its recent market value. According to analyst projections, NEXT’s forecast low is 13 with 13 as the target high. To hit the forecast high, the stock’s price needs a -191.48% plunge from its current level, while the stock would need to soar -191.48% 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 -18.13%. The 2024 estimates are for NextDecade Corporation earnings to increase by 85.72%, but the outlook for the next 5-year period is at 0.60% per year.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 28.16% of NextDecade Corporation shares while 49.79% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.30%. There are 49.79% institutions holding the NextDecade Corporation stock share, with YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC the top institutional holder. As of 2024-06-30, the company held 15.8477% of the shares, roughly 40.68 million NEXT shares worth $323.02 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.3433% or 18.85 million shares worth $149.68 million as of 2024-06-30.
