NextDecade Corporation (NASDAQ: NEXT) is 30.61% higher on its value in year-to-date trading and has touched a low of $4.01 and a high of $8.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NEXT stock was last observed hovering at around $6.03 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $6.23, the stock is 12.60% and 18.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing 3.32% at the moment leaves the stock 16.84% off its SMA200. NEXT registered 23.37% gain for a year compared to 6-month gain of 35.73%. The firm has a 200-day simple moving average (SMA200) of -$20.97.
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The stock witnessed a 22.16% loss in the last 1 month and extending the period to 3 months gives it a 43.22%, and is 13.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.35% over the week and 4.46% over the month.
NextDecade Corporation (NEXT) has around 147 employees, a market worth around $1.60B and $0.00M in sales. Distance from 52-week low is 55.36% and -28.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.12%).
NextDecade Corporation quarterly earnings per share for the current quarter are estimated at -$0.09.The EPS is expected to grow by 23.33% this year
161 institutions hold shares in NextDecade Corporation (NEXT), with institutional investors hold 90.98% of the company’s shares. The shares outstanding are 254.30M, and float is at 160.27M with Short Float at 6.97%. Institutions hold 64.87% of the Float.
The top institutional shareholder in the company is York Capital Management Global Advisors, LLC with over 57.32 million shares valued at $470.59 million. The investor’s holdings represent 23.74% of the NEXT Shares outstanding. As of Jun 29, 2023, the second largest holder is Valinor Management, LP with 14.86 million shares valued at $122.02 million to account for 6.16% of the shares outstanding. The other top investors are Bardin Hill Management Partners LP which holds 9.57 million shares representing 3.96% and valued at over $78.57 million, while Vanguard Group Inc holds 1.74% of the shares totaling 4.19 million with a market value of $34.43 million.
NextDecade Corporation (NEXT) Insider Activity
The most recent transaction is an insider sale by Bardin Hill Investment Partner, the company’s Director. SEC filings show that Bardin Hill Investment Partner sold 471,519 shares of the company’s common stock on Sep 29 ’23 at a price of $5.13 per share for a total of $2.42 million. Following the sale, the insider now owns 11.21 million shares.
NextDecade Corporation disclosed in a document filed with the SEC on Sep 29 ’23 that Bardin Hill Investment Partner (Director) sold a total of 471,519 shares of the company’s common stock. The trade occurred on Sep 29 ’23 and was made at $5.13 per share for $2.42 million. Following the transaction, the insider now directly holds 11.21 million shares of the NEXT stock.
Still, SEC filings show that on Sep 28 ’23, Bardin Hill Investment Partner (Director) disposed off 400,000 shares at an average price of $5.21 for $2.08 million. The insider now directly holds 11,679,908 shares of NextDecade Corporation (NEXT).
