NextDecade Corporation (NASDAQ:NEXT)’s traded shares stood at 0.71 million during the last session, with the company’s beta value hitting 1.29. At the close of trading, the stock’s price was $5.00, to imply an increase of 2.46% or $0.12 in intraday trading. The NEXT share’s 52-week high remains $8.52, putting it -70.4% down since that peak but still an impressive 19.8% since price per share fell to its 52-week low of $4.01. The company has a valuation of $1.30B, with an average of 1.72 million shares in intraday trading volume over the past 10 days and average of 1.94 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for NextDecade Corporation (NEXT), translating to a mean rating of 1.50. Of 7 analyst(s) looking at the stock, 2 analyst(s) give NEXT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.
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NextDecade Corporation (NASDAQ:NEXT) trade information
After registering a 2.46% upside in the last session, NextDecade Corporation (NEXT) has traded red over the past five days. The 5-day price performance for the stock is 4.17%, and 4.60% over 30 days. With these gigs, the year-to-date price performance is 4.82%. Short interest in NextDecade Corporation (NASDAQ:NEXT) saw shorts transact 15.65 million shares and set a 8.46 days time to cover.
The extremes give us $13 and $13 for target low and target high price respectively. As such, NEXT has been trading -160.0% off suggested target high and -160.0% from its likely low.
NextDecade Corporation (NEXT) estimates and forecasts
Looking at statistics comparing NextDecade Corporation share performance against respective industry, we note that the company has outperformed competitors. NextDecade Corporation (NEXT) shares are -9.58% down over the last 6 months, with its year-to-date growth rate higher than industry average at 90.51% against 5.20%. Revenue is forecast to shrink -112.50% this quarter before jumping 87.20% for the next one.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -18.13% for the past 5-year period. While 2024 is set for a 85.72% return in earnings, projections for the next 5 years are at 0.60% annually.
NEXT Dividends
NextDecade Corporation has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
NextDecade Corporation insiders hold 28.16% of total outstanding shares, with institutional holders owning 49.80% of the shares at 69.32% float percentage. In total, 49.80% institutions holds shares in the company, led by YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC. As of 2024-06-30, the company held over 40.68 million shares (or 15.8477% of shares), all amounting to roughly $323.02 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 18.85 million shares, or about 7.3433% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $149.68 million.
