NextDecade Corporation (NASDAQ: NEXT) is 59.33% higher on its value in year-to-date trading and has touched a low of $4.26 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 $7.48 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $7.60, the stock is 17.39% and 35.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.02 million and changing 1.60% at the moment leaves the stock 23.98% off its SMA200. NEXT registered 60.00% gain for a year compared to 6-month loss of -4.16%. The firm has a 50-day simple moving average (SMA 50) of $5.5614 and a 200-day simple moving average (SMA200) of $6.116125.
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The stock witnessed a 39.71% gain in the last 1 month and extending the period to 3 months gives it a 53.23%, and is 6.89% 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 4.51% over the week and 5.54% over the month.
NextDecade Corporation (NEXT) has around 147 employees, a market worth around $1.98B and $0.00M in sales. Distance from 52-week low is 78.61% and -10.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.22%).
The EPS is expected to grow by 33.45% this year, but quarterly earnings will post � year-over-year.
NextDecade Corporation (NEXT) Top Institutional Holders
199.0 institutions hold shares in NextDecade Corporation (NEXT), with institutional investors hold 73.34% of the company’s shares. The shares outstanding are 254.30M, and float is at 164.52M with Short Float at 9.00%. Institutions hold 52.75% of the Float.
The top institutional shareholder in the company is YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC with over 40.68 million shares valued at $323.02 million. The investor’s holdings represent 15.8477% of the NEXT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 18.85 million shares valued at $149.68 million to account for 7.3433 of the shares outstanding. The other top investors are MUBADALA INVESTMENT CO PJSC which holds 14.21 million shares representing 5.5341% and valued at over $112.8 million, while VALINOR MANAGEMENT, L.P. holds 5.4152 of the shares totaling 13.9 million with a market value of $110.38 million.
NextDecade Corporation (NEXT) Insider Activity
The most recent transaction is an insider purchase by HGC Next Inv LLC, the company’s 10% 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.
