NextDecade Corporation (NASDAQ:NEXT) has a beta value of 0.81 and has seen 0.4 million shares traded in the recent trading session. The company, currently valued at $2.02B, closed the recent trade at $7.76 per share which meant it lost -$0.02 on the day or -0.19% during that session. The NEXT stock price is -25.13% off its 52-week high price of $9.71 and 44.97% above the 52-week low of $4.27. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.35 million shares traded. The 3-month trading volume is 1.85 million shares.
The consensus among analysts is that NextDecade Corporation (NEXT) is Buy stock at the moment, with a recommendation rating of 1.00. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
NextDecade Corporation (NASDAQ:NEXT) trade information
Sporting -0.19% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NEXT stock price touched $7.76 or saw a rise of 17.27%. Year-to-date, NextDecade Corporation shares have moved 0.71%, while the 5-day performance has seen it change -16.14%. Over the past 30 days, the shares of NextDecade Corporation (NASDAQ:NEXT) have changed 6.96%. Short interest in the company has seen 10.21 million shares shorted with days to cover at 7.53.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 40.31% from the levels at last check today. The projected low price target is $13.0 while the price target rests at a high of $13.0. In that case, then, we find that the latest price level in today’s session is -67.53% off the targeted high while a plunge would see the stock gain -67.53% from the levels at last check today.
NextDecade Corporation (NEXT) estimates and forecasts
The company’s shares have gained 61.77% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.00%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.71% over the past 5 years. Earnings growth for 2025 is a modest -93.27% while over the next 5 years, the company’s earnings are expected to increase by 7.62%.
NEXT Dividends
NextDecade Corporation is expected to release its next earnings report on 2025-Feb-27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
Insiders own 28.09% of the company shares, while shares held by institutions stand at 50.10% with a share float percentage of 69.67%. Investors are also buoyed by the number of investors in a company, with NextDecade Corporation having a total of 215.0 institutions that hold shares in the company. The top two institutional holders are YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC with over 40.68 million shares worth more than $323.02 million. As of 2024-06-30, YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC held 15.778% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 18.85 million shares as of 2024-06-30. The firm’s total holdings are worth over $149.68 million and represent 7.311% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and MUTUAL FUND SERIES TRUST-Catalyst Energy Infrastructure Fund. As of Dec 31, 2024, the former fund manager holds about 2.21% shares in the company for having 5.75 shares of worth $44.65 million while later fund manager owns 3.75 shares of worth $29.14 million as of Dec 31, 2024, which makes it owner of about 1.44% of company’s outstanding stock.
