NextDecade (NASDAQ:NEXT) Reaches New 12-Month High – Here’s What Happened

Posted by Christopher Mengel on Jan 22nd, 2025

NextDecade Co. (NASDAQ:NEXT – Get Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $9.47 and last traded at $9.05, with a volume of 2036463 shares trading hands. The stock had previously closed at $9.10.

NextDecade Trading Down 0.5 %

The business’s 50-day simple moving average is $7.42 and its 200-day simple moving average is $6.39. The company has a market cap of $2.36 billion, a PE ratio of -8.08 and a beta of 1.29. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17.

NextDecade (NASDAQ:NEXT – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $1.02. As a group, analysts expect that NextDecade Co. will post -0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On NextDecade

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in NextDecade by 24.8% in the third quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock worth $14,260,000 after acquiring an additional 600,630 shares in the last quarter. State Street Corp lifted its stake in shares of NextDecade by 7.1% in the 3rd quarter. State Street Corp now owns 2,330,172 shares of the company’s stock valued at $10,975,000 after purchasing an additional 155,309 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in NextDecade by 4.3% in the third quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company’s stock worth $17,085,000 after purchasing an additional 150,800 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in NextDecade by 43.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock worth $5,015,000 after buying an additional 321,603 shares during the last quarter. Finally, Encompass Capital Advisors LLC bought a new position in NextDecade during the second quarter valued at about $23,231,000. Institutional investors and hedge funds own 66.74% of the company’s stock.