During the last session, NextDecade Corporation (NASDAQ:NEXT)’s traded shares were 1.39 million, with the beta value of the company hitting 1.29. At the end of the trading day, the stock’s price was $7.24, reflecting an intraday loss of -2.76% or -$0.2. The 52-week high for the NEXT share is $8.52, that puts it down -17.68 from that peak though still a striking 41.16% gain since the share price plummeted to a 52-week low of $4.26. The company’s market capitalization is $1.88B, and the average intraday trading volume over the past 10 days was 2.62 million shares, and the average trade volume was 1.70 million shares over the past three months.
NextDecade Corporation (NEXT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. NEXT has a Sell rating from 2 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 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 -0.07.
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NextDecade Corporation (NASDAQ:NEXT) trade information
NextDecade Corporation (NEXT) registered a -2.76% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.76% in intraday trading to $7.24, hitting a weekly high. The stock’s 5-day price performance is -0.48%, and it has moved by 31.79% in 30 days. Based on these gigs, the overall price performance for the year is 54.26%. The short interest in NextDecade Corporation (NASDAQ:NEXT) is 14.81 million shares and it means that shorts have 12.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $13, which implies an increase of 44.31% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $13 respectively. As a result, NEXT is trading at a discount of -79.56% off the target high and -79.56% off the low.
NextDecade Corporation (NEXT) estimates and forecasts
Statistics show that NextDecade Corporation has outperformed its competitors in share price, compared to the industry in which it operates. NextDecade Corporation (NEXT) shares have gone down -0.21% during the last six months, with a year-to-date growth rate more than the industry average at 54.01% against 10.80.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -18.13%. While earnings are projected to return 33.45% in 2024, the next five years will return 0.60% per annum.
NEXT Dividends
NextDecade Corporation is due to release its next quarterly earnings in December. 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 28.07% of total outstanding shares while institutional holders control 52.75%, with the float percentage being 73.34%. YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC is the largest shareholder of the company, while 199.0 institutions own stock in it. As of 2024-06-30, the company held over 40.68 million shares (or 15.8477% of all shares), a total value of $323.02 million in shares.
The next largest institutional holding, with 18.85 million shares, is of BLACKROCK INC.’s that is approximately 7.3433% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $149.68 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 Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 4.67 shares. This amounts to just over 1.79 percent of the company’s overall shares, with a $33.8 million market value. The same data shows that the other fund manager holds slightly less at 3.48, or about 1.34% of the stock, which is worth about $25.15 million.
