NextDecade (NASDAQ:NEXT) Reaches New 1-Year High – Here’s Why

NextDecade Co. (NASDAQ:NEXTGet Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $9.49 and last traded at $9.48, with a volume of 624364 shares traded. The stock had previously closed at $9.03.

NextDecade Stock Down 2.9 %

The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of -8.34 and a beta of 1.18. 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 fifty day moving average of $8.08 and a 200-day moving average of $6.93.

NextDecade (NASDAQ:NEXTGet Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). As a group, sell-side analysts expect that NextDecade Co. will post -0.61 EPS for the current year.

Institutional Trading of NextDecade

Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its position in NextDecade by 350.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock worth $35,000 after buying an additional 3,485 shares during the last quarter. Twin Securities Inc. bought a new stake in shares of NextDecade during the 3rd quarter worth about $52,000. Mainstream Capital Management LLC bought a new stake in shares of NextDecade during the 4th quarter worth about $56,000. Tower Research Capital LLC TRC raised its stake in shares of NextDecade by 201.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock valued at $60,000 after acquiring an additional 5,212 shares in the last quarter. Finally, Briaud Financial Planning Inc grew its holdings in NextDecade by 29.2% during the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock valued at $71,000 after purchasing an additional 2,109 shares during the last quarter. 66.74% of the stock is owned by institutional investors.

About NextDecade

(Get Free Report)

NextDecade Corp. is a development company.

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