NextDecade Corporation (NASDAQ: NEXT) is 33.96% higher on its value in year-to-date trading and has touched a low of $4.01 and a high of $8.52 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 $7.78 in the last trading session, with the day’s loss setting it -1.39%.
Currently trading at $6.39, the stock is -19.46% and -17.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.7 million and changing -17.87% at the moment leaves the stock 8.76% off its SMA200. NEXT registered 14.52% gain for a year compared to 6-month gain of 31.48%.
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The stock witnessed a -18.29% loss in the last 1 month and extending the period to 3 months gives it a -2.14%, and is -20.22% down 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 9.22% over the week and 5.48% over the month.
NextDecade Corporation (NEXT) has around 147 employees, a market worth around $1.65B and $0.00M in sales. Distance from 52-week low is 59.35% and -25.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.93%).
The EPS is expected to grow by 88.21% this year.
NextDecade Corporation (NEXT) Top Institutional Holders
The shares outstanding are 254.30M, and float is at 165.49M with Short Float at 7.37%.
NextDecade Corporation (NEXT) Insider Activity
The most recent transaction is an insider purchase by HGC Next Inv LLC,the company’s10% Owner. SEC filings show that HGC Next Inv LLC bought 11,690,909 shares of the company’s common stock on Jul 29 ’24 at a price of $7.50 per share for a total of $87.68 million. Following the purchase, the insider now owns 17.54 million shares.
NextDecade Corporation disclosed in a document filed with the SEC on Jul 25 ’24 that York Capital Management Global (Director) sold a total of 35,072,737 shares of the company’s common stock. The trade occurred on Jul 25 ’24 and was made at $7.50 per share for $263.05 million. Following the transaction, the insider now directly holds 4.26 million shares of the NEXT stock.
Still, SEC filings show that on Sep 29 ’23, Bardin Hill Investment Partner (Director) disposed off 471,519 shares at an average price of $5.13 for $2.42 million. The insider now directly holds 11,208,389 shares of NextDecade Corporation (NEXT).
