NextDecade Corporation (NASDAQ:NEXT) shares, rose in value on Wednesday, March 26, with the stock price down by -2.27% to the previous day’s close as strong demand from buyers drove the stock to $9.05.
Actively observing the price movement in the last trading, the stock closed the session at $9.26, falling within a range of $9.01 and $9.3799. The value of beta (5-year monthly) was 1.193. Referring to stock’s 52-week performance, its high was $9.71, and the low was $4.27. On the whole, NEXT has fluctuated by 23.80% over the past month.
With the market capitalization of NextDecade Corporation currently standing at about $2.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-27.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NEXT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of NEXT currently trading nearly 14.95% and 12.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.08, while the 7-day volatility ratio is showing 5.58% which for the 30-day chart, stands at 7.56%. Furthermore, NextDecade Corporation (NEXT)’s beta value is 0.74, and its average true range (ATR) is 0.53.
A comparison of NextDecade Corporation (NEXT) with its peers suggests the former has fared considerably weaker in the market. NEXT showed an intraday change of -2.27% in last session, and over the past year, it grew by 63.65%%.
Data on historical trading for NextDecade Corporation (NASDAQ:NEXT) indicates that the trading volumes over the past 10 days have averaged 2.1 and over the past 3 months, they’ve averaged 1.88 million. According to company’s latest data on outstanding shares, there are 257.10 million shares outstanding.
Nearly 36.71% of NextDecade Corporation’s shares belong to company insiders and institutional investors own 44.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.21 million shares as on 2025-03-14, resulting in a short ratio of 7.53. According to the data, the short interest in NextDecade Corporation (NEXT) stood at 660.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 10.75 million. The stock has risen by 17.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NEXT stock heading into the next quarter.
