NextDecade Corporation (NASDAQ:NEXT) traded at $5.39 at close of the session on Friday, November 01 and made a downward move of -7.71% on its previous day’s price.
Looking at the stock we see that its previous close was $5.84 and the beta (5Y monthly) reads 1.291 with the day’s price range being $5.285 – $5.91. In terms of its 52-week price range, NEXT has a high of $8.52 and a low of $4.01. The company’s stock has gained about 10.45% over that past 30 days.
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NextDecade Corporation has a market cap of $1.29 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.21, with the EPS growth for the year raised at -0.41 for current year and -0.41 for next year.
On the other hand, looking at the outlook for the NEXT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 7 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the NextDecade Corporation (NEXT) stock as a Hold, while 4 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -2.67% off its SMA20 and 6.20% from its 50-day simple moving average. The RSI (14) is pointing at 47.89 while the volatility over the past week is 5.80% and jumps to 5.12% over the past one month. The beta value is 1.26, while the average true range (ATR) is currently pointing at 0.29. The average price target for the stock over the next 12 months is $13, with the estimates having a low of $13 and a high of $13. These price ends are -141.19% and -141.19% off the current price level respectively, although investors could be excited at the prospect of a -141.19% if the NEXT share price touches on the median price of $13.
Coming back to NextDecade Corporation (NASDAQ:NEXT), we note that the average 3-month trading volume was 1.89 million, while that of the preceding 10-day period stands at 1.15 million. Current shares outstanding are 254.30 million.
The insiders hold 36.79% of the company’s shares while institutions hold 44.19%. The data shows that short shares as of 2024-10-15, stood at 17.29 million at a short ratio of 11.77. This represents a 1125.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 15.65 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 13.00% up in year-to-date price movement.
