In today’s recent session, 0.47 million shares of the NextDecade Corporation (NASDAQ:NEXT) have been traded, and its beta is 0.73. Most recently the company’s share price was $9.65, and it changed around $0.22 or 2.28% from the last close, which brings the market valuation of the company to $2.51B. NEXT at last check was trading at a discount to its 52-week high of $9.54, offering almost 1.14% off that amount. The share price’s 52-week low was $4.27, which indicates that the recent value has risen by an impressive 55.75% since then. We note from NextDecade Corporation’s average daily trading volume that its 10-day average is 2.0 million shares, with the 3-month average coming to 1.87 million.
NextDecade Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended NEXT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. NextDecade Corporation is expected to report earnings per share of 0 for the current quarter.
NextDecade Corporation (NASDAQ:NEXT) trade information
Instantly NEXT has been showing a green trend so far today with a performance of 2.28% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.70 on recent trading dayincreased the stock’s daily price by 0.52%. The company’s shares are currently up 25.10% year-to-date, but still up 13.47% over the last five days. On the other hand, NextDecade Corporation (NASDAQ:NEXT) is 24.13% up in the 30-day period. We can see from the shorts that 9.89 million shares have been sold at a short interest cover period of 6.77 day(s).
The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to increase their stock price by 25.77% from its current value. Analyst projections state that NEXT is forecast to be at a low of $13 and a high of $13.
NextDecade Corporation (NEXT) estimates and forecasts
Forecasts for the next quarter put sales growth at 0.00%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.71%. NextDecade Corporation earnings are expected to increase by -93.27% in 2025, but the outlook is positive 7.62% per year for the next five years.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.09% of NextDecade Corporation shares, and 50.10% of them are in the hands of institutional investors. The stock currently has a share float of 69.67%. NextDecade Corporation stock is held by 215.0 institutions, with YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC being the largest institutional investor. By 2024-06-30, it held 15.778% of the shares, which is about 40.68 million shares worth $323.02 million.
BLACKROCK INC., with 7.3433% or 18.85 million shares worth $149.68 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Catalyst Energy Infrastructure Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 5.75 shares worth $54.92 million, making up 2.21% of all outstanding shares. On the other hand, Catalyst Energy Infrastructure Fund held roughly 3.75 shares worth around $35.84 million, which represents about 1.44% of the total shares outstanding.
