NextDecade Corporation (NASDAQ:NEXT) price on current trading day, rose 6.16% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.89.
A look at the stock’s price movement, the close in the last trading session was $6.49, moving within a range at $6.12 and $7.15. The beta value (5-Year monthly) was 0.807. Turning to its 52-week performance, $9.71 and $4.27 were the 52-week high and 52-week low respectively. Overall, NEXT moved 1.62% over the past month.
NextDecade Corporation’s market cap currently stands at around $1.79 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-27.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NEXT is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend NEXT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NEXT’s current price about -12.04% and -11.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.92, while 7-day volatility ratio is 18.12% and 9.54% in the 30-day chart. Further, NextDecade Corporation (NEXT) has a beta value of 1.14, and an average true range (ATR) of 0.76. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $13 and high of $13. Looking at the price targets, the low is -88.68% off current price level while to achieve the yearly target high, price needs to move -88.68%. Nonetheless, investors will most likely welcome a -88.68% jump to $13 which is the analysts’ median price.
If we refocus on NextDecade Corporation (NASDAQ:NEXT), historical trading data shows that trading volumes averaged 2.97 over the past 10 days and 1.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 257.10 million shares.
The 36.71% of NextDecade Corporation’s shares are in the hands of company insiders while institutional holders own 44.12% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.21 million on 2025-03-14, giving us a short ratio of 7.53. The data shows that as of 2025-03-14 short interest in NextDecade Corporation (NEXT) stood at 660.0 of shares outstanding, with shares short falling to 10.75 million registered in 2025-02-14. Current price change has pushed the stock -10.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NEXT stock continues to rise going into the next quarter.
