NextDecade Corporation (NASDAQ: NEXT) is -11.28% 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 $6.86 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $6.84, the stock is -12.42% and -11.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing -0.29% at the moment leaves the stock 0.13% off its SMA200. NEXT registered 13.43% gain for a year compared to 6-month gain of 33.86%. The firm has a 50-day simple moving average (SMA 50) of $7.754 and a 200-day simple moving average (SMA200) of $6.8311.
The stock witnessed a -1.58% loss in the last 1 month and extending the period to 3 months gives it a -13.20%, and is 20.42% 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 14.74% over the week and 9.57% over the month.
NextDecade Corporation (NEXT) has around 237 employees, a market worth around $1.78B and $0.00M in sales. Distance from 52-week low is 60.19% and -29.55% 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, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
NextDecade Corporation (NEXT) Top Institutional Holders
217.0 institutions hold shares in NextDecade Corporation (NEXT), with institutional investors hold 69.57% of the company’s shares. The shares outstanding are 257.10M, and float is at 164.78M with Short Float at 6.11%. Institutions hold 50.01% 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.
