In the last trading session, 1.14 million NextDecade Corporation (NASDAQ:NEXT) shares changed hands as the company’s beta touched 0.87. With the company’s per share price at $7.22 changed hands at $0.27 or 3.88% during last session, the market valuation stood at $1.88B. NEXT’s last price was a discount, traded about -31.16% off its 52-week high of $9.47. The share price had its 52-week low at $4.27, which suggests the last value was 40.86% up since then. When we look at NextDecade Corporation’s average trading volume, we note the 10-day average is 1.44 million shares, with the 3-month average coming to 1.76 million.
Analysts gave the NextDecade Corporation (NEXT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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. NextDecade Corporation’s EPS for the current quarter is expected to be 0.
NextDecade Corporation (NASDAQ:NEXT) trade information
Instantly NEXT was in green as seen at the end of in last trading. With action 2.70%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.36%, with the 5-day performance at 2.70% in the green. However, in the 30-day time frame, NextDecade Corporation (NASDAQ:NEXT) is -4.75% down. Looking at the short shares, we see there were 9.89 million shares sold at short interest cover period of 6.77 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 44.46% 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 -80.06% plunge from its current level, while the stock would need to soar -80.06% for it to hit the projected low.
According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.71%. The 2025 estimates are for NextDecade Corporation earnings to decrease by -93.27%, but the outlook for the next 5-year period is at 7.62% per year.
NEXT Dividends
NextDecade Corporation is expected to release its next quarterly earnings report on 2025-Feb-27.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 28.09% of NextDecade Corporation shares while 50.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.67%. There are 50.10% 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 15.778% 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.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Mutual Fund Ser Tr-Catalyst MLP & Infrastructure Fund . With 5.75 shares estimated at $41.5 million under it, the former controlled 2.21% of total outstanding shares. On the other hand, Mutual Fund Ser Tr-Catalyst MLP & Infrastructure Fund held about 1.44% of the shares, roughly 3.75 shares worth around $27.08 million.
