NextDecade Corporation (NEXT) saw an uptrend of 9615263% in the recent trading with $1920000.0 being its most recent. The current price level -5.24% lower than the highest price of $9.71 marked by the stock while trading over the past 52-weeks, whereas it is 115.46% higher than the lowest price of $4.27 the company dropped to over past 52-weeks. The latest news story on NEXT appeared in (Investing.com) under the title “NextDecade stock surges after TD Cowen upgrades to Buy” on Today.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 7 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.00 for the stock.
NextDecade Corporation Earnings – What Happened With NEXT
Coming around sales and income figures on NEXT Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
NextDecade Corporation – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 257.60 million. NEXT does have institutional investors; and they hold 43.62% of the stock.
As on 2024-06-30, YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC was the top most holder in NextDecade Corporation (NASDAQ:NEXT) with an ownership of 40.68 million shares of the company or 15.778 of the stake worth $323.02 million. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 7.311 of the outstanding shares. Its stake is worth $149.68 million for having 18.85 million shares in hand.
MUBADALA INVESTMENT CO PJSC also came holding a key position in the company during the recent quarter and it now holds 5.5097 of the outstanding shares. With this there are now 239.0 institutions which have possession in NEXT’s shares.
Key Metrics forNEXT
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, NextDecade Corporation has a debt to equity ratio of 15.52.
Technical Analysis of NextDecade Corporation (NASDAQ:NEXT) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for NextDecade Corporation (NEXT), we notice that the stock’s 20-day average volume is at 2,264,660 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 1,840,402 shares. And to end, NEXT’s 100-day average volume is 1,864,579 shares with 100% of the long-term indicators pointing towards Buy for the stock.
