NextDecade Corporation (NASDAQ: NEXT) is -0.91% lower on its value in year-to-date trading and has touched a low of $4.27 and a high of $9.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NEXT stock was last observed hovering at around $7.76 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $7.64, the stock is -2.72% and -3.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -1.61% at the moment leaves the stock 11.92% off its SMA200. NEXT registered 57.53% gain for a year compared to 6-month gain of 63.95%.
The stock witnessed a -10.96% loss in the last 1 month and extending the period to 3 months gives it a 5.52%, and is 5.38% 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 11.18% over the week and 6.52% over the month.
NextDecade Corporation (NEXT) has around 237 employees, a market worth around $1.99B and $0.00M in sales. Distance from 52-week low is 78.92% and -19.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.39%).
The EPS is expected to shrink by -93.27% this year
The shares outstanding are 257.10M, and float is at 164.83M with Short Float at 6.52%.
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 15.778 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 5.5097 and valued at over $112.8 million, while VALINOR MANAGEMENT, L.P. holds 5.3914 of the shares totaling 13.9 million with a market value of $110.38 million.
NextDecade Corporation (NEXT) Insider Activity
A total of 0 insider transactions have happened at NextDecade Corporation (NEXT) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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.
NextDecade Corporation (NEXT): Who are the competitors?
One of the company’s main competitors (and peers) include NextDecade Corp. (NEXT) that is trading 44.97% up over the past 12 months.Matachewan Consolidated Mines Ltd. Cl A (MCM.A) lies in the list of competitors of the NextDecade Corporation and is 0.00% lower over the same period from NEXTPieridae Energy Ltd. (PEA) is -10.67% down on the 1-year trading charts.
