NextDecade Corporation (NASDAQ: NEXT) is -26.33% lower on its value in year-to-date trading and has touched a low of $4.27 and a high of $9.71 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 $7.24 in the last trading session, with the day’s loss setting it -1.56%.
Currently trading at $5.68, the stock is -28.06% and -28.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.05 million and changing -21.55% at the moment leaves the stock -17.23% off its SMA200. NEXT registered 2.34% gain for a year compared to 6-month gain of 18.83%. The firm has a 50-day simple moving average (SMA 50) of $7.92 and a 200-day simple moving average (SMA200) of $6.8625.
The stock witnessed a -20.67% loss in the last 1 month and extending the period to 3 months gives it a -31.57%, and is -29.44% 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 10.05% over the week and 7.46% over the month.
NextDecade Corporation (NEXT) has around 237 employees, a market worth around $1.48B and $0.00M in sales. Distance from 52-week low is 33.02% and -41.50% 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.
NextDecade Corporation (NEXT) Top Institutional Holders
215.0 institutions hold shares in NextDecade Corporation (NEXT), with institutional investors hold 69.67% of the company’s shares. The shares outstanding are 257.10M, and float is at 164.83M with Short Float at 6.19%. Institutions hold 50.10% 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 15.778% 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 7.311 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
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.
