NextDecade (NASDAQ:NEXT) Hits New 1-Year High – What’s Next?

Posted by Suzanne Cooper on Jan 16th, 2025

NextDecade Co. (NASDAQ:NEXT – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $8.53 and last traded at $8.53, with a volume of 473363 shares trading hands. The stock had previously closed at $8.10.

NextDecade Stock Up 6.6 %

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17. The stock has a market cap of $2.25 billion, a P/E ratio of -7.73 and a beta of 1.29. The company’s 50 day moving average price is $7.26 and its two-hundred day moving average price is $6.37.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Twin Securities Inc. bought a new stake in shares of NextDecade during the 3rd quarter valued at $52,000. Wealth Enhancement Advisory Services LLC purchased a new position in NextDecade during the third quarter valued at $77,000. Clear Harbor Asset Management LLC purchased a new position in NextDecade during the third quarter valued at $99,000. Marshall Wace LLP grew its holdings in NextDecade by 21.9% during the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after purchasing an additional 2,300 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in NextDecade in the third quarter worth about $138,000. 66.74% of the stock is currently owned by institutional investors.