In last trading session, NextDecade Corporation (NASDAQ:NEXT) saw 2.54 million shares changing hands with its beta currently measuring 1.05. Company’s recent per share price level of $7.24 trading at -$0.71 or -8.93% at ring of the bell on the day assigns it a market valuation of $1.89B. That closing price of NEXT’s stock is at a discount of -34.12% from its 52-week high price of $9.71 and is indicating a premium of 41.02% from its 52-week low price of $4.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.04 million shares which gives us an average trading volume of 1.84 million if we extend that period to 3-months.
For NextDecade Corporation (NEXT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 7 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.
NextDecade Corporation (NASDAQ:NEXT) trade information
Upright in the red during last session for losing -8.93%, in the last five days NEXT remained trading in the red while hitting it’s week-highest on Friday, 03/28/25 when the stock touched $7.24 price level, adding 14.01% to its value on the day. NextDecade Corporation’s shares saw a change of -6.10% in year-to-date performance and have moved -13.96% in past 5-day. NextDecade Corporation (NASDAQ:NEXT) showed a performance of -5.24% in past 30-days. Number of shares sold short was 10.21 million shares which calculate 7.53 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 13 to the stock, which implies a rise of 44.31% to its current value. Analysts have been projecting 13 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -79.56% in reaching the projected high whereas dropping to the targeted low would mean a loss of -79.56% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 11.71% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -93.27% while estimates for its earnings growth in next 5 years are of 7.62%.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
Insiders are in possession of 28.09% of company’s total shares while institution are holding 50.10 percent of that, with stock having share float percentage of 69.67%. Investors also watch the number of corporate investors in a company very closely, which is 50.10% institutions for NextDecade Corporation that are currently holding shares of the company. YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC is the top institutional holder at NEXT for having 40.68 million shares of worth $323.02 million. And as of 2024-06-30, it was holding 15.778 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 18.85 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.311 of outstanding shares, having a total worth of $149.68 million.
