NextDecade Corporation (NASDAQ:NEXT) shares, rose in value on Wednesday, April 16, with the stock price down by -1.71% to the previous day’s close as strong demand from buyers drove the stock to $7.46.
Actively observing the price movement in the last trading, the stock closed the session at $7.59, falling within a range of $7.38 and $7.709. The value of beta (5-year monthly) was 0.807. 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 -12.24% over the past month.
With the market capitalization of NextDecade Corporation currently standing at about $1.94 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 25% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NEXT currently trading nearly -3.00% and -3.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.87, while the 7-day volatility ratio is showing 5.68% which for the 30-day chart, stands at 9.05%. Furthermore, NextDecade Corporation (NEXT)’s beta value is 1.06, and its average true range (ATR) is 0.67.
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 -1.71% in last session, and over the past year, it grew by 19.94%%.
Data on historical trading for NextDecade Corporation (NASDAQ:NEXT) indicates that the trading volumes over the past 10 days have averaged 3.14 and over the past 3 months, they’ve averaged 2.08 million. According to company’s latest data on outstanding shares, there are 257.10 million shares outstanding.
Nearly 36.73% of NextDecade Corporation’s shares belong to company insiders and institutional investors own 44.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.07 million shares as on 2025-03-31, resulting in a short ratio of 5.3. According to the data, the short interest in NextDecade Corporation (NEXT) stood at 651.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 9.89 million. The stock has fallen by -3.24% 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.
