In last trading session, NextDecade Corporation (NASDAQ:NEXT) saw 2.0 million shares changing hands with its beta currently measuring 1.27. Company’s recent per share price level of $6.92 trading at $0.06 or 0.87% at ring of the bell on the day assigns it a market valuation of $1.80B. That closing price of NEXT’s stock is at a discount of -23.12% from its 52-week high price of $8.52 and is indicating a premium of 42.05% from its 52-week low price of $4.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.77 million shares which gives us an average trading volume of 1.84 million if we extend that period to 3-months.

For NextDecade Corporation (NEXT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 7 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.21 in the current quarter.

NextDecade Corporation (NASDAQ:NEXT) trade information

Upright in the green during last session for gaining 0.87%, in the last five days NEXT remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $6.92 price level, adding 1.56% to its value on the day. NextDecade Corporation’s shares saw a change of 45.07% in year-to-date performance and have moved 18.49% in past 5-day. NextDecade Corporation (NASDAQ:NEXT) showed a performance of 35.42% in past 30-days. Number of shares sold short was 17.29 million shares which calculate 11.77 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 13 to the stock, which implies a rise of 46.77% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -87.86% in reaching the projected high whereas dropping to the targeted low would mean a loss of -87.86% for stock’s current value.

NextDecade Corporation (NEXT) estimates and forecasts

Statistics highlight that NextDecade Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 1.17% of value to its shares in past 6 months, showing an annual growth rate of 69.34% while that of industry is 7.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -18.13% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 67.62% while estimates for its earnings growth in next 5 years are of 0.60%.

NextDecade Corporation (NASDAQ:NEXT)’s Major holders

Insiders are in possession of 28.16% of company’s total shares while institution are holding 50.03 percent of that, with stock having share float percentage of 69.64%. Investors also watch the number of corporate investors in a company very closely, which is 50.03% institutions for NextDecade Corporation that are currently holding shares of the company. YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC is the top institutional holder at NEXT for having 40.68 million shares of worth $323.02 million. And as of 2024-06-30, it was holding 15.8477 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 18.85 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3433 of outstanding shares, having a total worth of $149.68 million.