In the last trading session, 1.83 million NextDecade Corporation (NASDAQ:NEXT) shares changed hands as the company’s beta touched 1.29. With the company’s per share price at $7.24 changed hands at $0.05 or 0.70% during last session, the market valuation stood at $1.90B. NEXT’s last price was a discount, traded about -17.68% off its 52-week high of $8.52. The share price had its 52-week low at $4.26, which suggests the last value was 41.16% up since then. When we look at NextDecade Corporation’s average trading volume, we note the 10-day average is 2.79 million shares, with the 3-month average coming to 1.80 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.
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NextDecade Corporation (NASDAQ:NEXT) trade information
Instantly NEXT was in green as seen at the end of in last trading. With action -0.69%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 51.78%, with the 5-day performance at -0.69% in the red. However, in the 30-day time frame, NextDecade Corporation (NASDAQ:NEXT) is 23.76% up. Looking at the short shares, we see there were 15.15 million shares sold at short interest cover period of 8.93 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 44.31% from its current 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 -79.56% plunge from its current level, while the stock would need to soar -79.56% for it to hit the projected low.
NextDecade Corporation (NEXT) estimates and forecasts
Data shows that the NextDecade Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1.12% over the past 6 months, a 54.01% in annual growth rate that is considerably higher than the industry average of 10.60%.
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 33.45%, but the outlook for the next 5-year period is at 0.60% per year.
NEXT Dividends
NextDecade Corporation is expected to release its next quarterly earnings report in January.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 28.07% of NextDecade Corporation shares while 52.75% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 73.34%. There are 52.75% 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.
