NextDecade Corporation (NASDAQ:NEXT) has a beta value of 1.26 and has seen 1.06 million shares traded in the last trading session. The company, currently valued at $1.31B, closed the last trade at $5.48 per share which meant it gained $0.09 on the day or 1.67% during that session. The NEXT stock price is -55.47% off its 52-week high price of $8.52 and 26.82% above the 52-week low of $4.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.15 million shares traded. The 3-month trading volume is 1.89 million shares.
The consensus among analysts is that NextDecade Corporation (NEXT) is Buy stock at the moment, with a recommendation rating of 1.50. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.21.
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NextDecade Corporation (NASDAQ:NEXT) trade information
Sporting 1.67% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NEXT stock price touched $5.48 or saw a rise of 10.31%. Year-to-date, NextDecade Corporation shares have moved 14.88%, while the 5-day performance has seen it change -6.80%. Over the past 30 days, the shares of NextDecade Corporation (NASDAQ:NEXT) have changed 9.60%. Short interest in the company has seen 17.29 million shares shorted with days to cover at 11.77.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 57.85% from current levels. The projected low price target is $13.0 while the price target rests at a high of $13.0. In that case, then, we find that the current price level is -137.23% off the targeted high while a plunge would see the stock gain -137.23% from current levels.
NextDecade Corporation (NEXT) estimates and forecasts
Figures show that NextDecade Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -16.08% over the past 6 months, with this year growth rate of 69.34%, compared to 8.00% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.13% over the past 5 years. Earnings growth for 2024 is a modest 67.62% while over the next 5 years, the company’s earnings are expected to increase by 0.60%.
NEXT Dividends
NextDecade Corporation is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
Insiders own 28.16% of the company shares, while shares held by institutions stand at 50.03% with a share float percentage of 69.65%. Investors are also buoyed by the number of investors in a company, with NextDecade Corporation having a total of 192.0 institutions that hold shares in the company. The top two institutional holders are YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC with over 40.68 million shares worth more than $323.02 million. As of 2024-06-30, YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC held 15.8477% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 18.85 million shares as of 2024-06-30. The firm’s total holdings are worth over $149.68 million and represent 7.3433% of shares outstanding.
