NextDecade Corporation [NASDAQ: NEXT] closed the trading session at $4.84.
The stocks have a year to date performance of 1.47 percent and weekly performance of -8.51 percent. The stock has been moved at -1.83 percent over the last six months. The stock has performed -40.54 percent around the most recent 30 days and changed -31.44 percent over the most recent 3-months.
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If compared to the average trading volume of 2.05M shares, NEXT reached to a volume of 3221688 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about NextDecade Corporation [NEXT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEXT shares is $10.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NEXT stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for NextDecade Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 06, 2024. The new note on the price target was released on August 16, 2023, representing the official price target for NextDecade Corporation stock. Previously, the target price had yet another raise from $7.50 to $9, while Stifel kept a Buy rating on NEXT stock. On July 28, 2022, analysts increased their price target for NEXT shares from 4.50 to 6.
The Average True Range (ATR) for NextDecade Corporation is set at 0.48 The Price to Book ratio for the last quarter was 2.38, with the Price to Cash per share for the same quarter was set at 0.97.
NEXT stock trade performance evaluation
NextDecade Corporation [NEXT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.51. With this latest performance, NEXT shares dropped by -40.54% in over the last four-week period, additionally sinking by -1.83% over the last 6 months – not to mention a drop of -12.48% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NEXT stock in for the last two-week period is set at 21.99, with the RSI for the last a single of trading hit 17.44, and the three-weeks RSI is set at 26.79 for NextDecade Corporation [NEXT]. The present Moving Average for the last 50 days of trading for this stock 7.52, while it was recorded at 4.99 for the last single week of trading, and 5.90 for the last 200 days.
NextDecade Corporation [NEXT]: An insightful look at the core fundamentals
NextDecade Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.56 and a Current Ratio set at 0.56.
Earnings per share (EPS) analysis for NextDecade Corporation [NEXT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NEXT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NextDecade Corporation go to 0.60%.
NextDecade Corporation [NEXT]: Institutional Ownership
The top three institutional holders of NEXT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NEXT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NEXT stock with ownership which is approximately 5.1238%.
