In the last trading session, 1.52 million NextDecade Corporation (NASDAQ:NEXT) shares changed hands as the company’s beta touched 1.06. With the company’s per share price at $7.76 changed hands at $0.13 or 1.70% during last session, the market valuation stood at $2.02B. NEXT’s last price was a discount, traded about -25.13% off its 52-week high of $9.71. The share price had its 52-week low at $4.27, which suggests the last value was 44.97% up since then.
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 (NASDAQ:NEXT) trade information
Instantly NEXT was in green as seen at the end of in last trading. With action 0.13%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 0.65%, with the 5-day performance at 0.13% in the green. However, in the 30-day time frame, NextDecade Corporation (NASDAQ:NEXT) is -0.77% down.
The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 40.31% 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 -67.53% plunge from its current level, while the stock would need to soar -67.53% for it to hit the projected low.
NextDecade Corporation (NEXT) estimates and forecasts
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 -645.83%.
NextDecade Corporation (NASDAQ:NEXT)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.311% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and MUTUAL FUND SERIES TRUST-Catalyst Energy Infrastructure Fund. With 5.75 shares estimated at $44.6 million under it, the former controlled 2.20% of total outstanding shares. On the other hand, MUTUAL FUND SERIES TRUST-Catalyst Energy Infrastructure Fund held about 1.44% of the shares, roughly 3.75 shares worth around $29.1 million.
