NextDecade Corporation (NASDAQ: NEXT) on Tuesday, soared 0.73% from the previous trading day, before settling in for the closing price of $5.46. Within the past 52 weeks, NEXT’s price has moved between $4.01 and $8.74.
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The company achieved an average annual earnings per share of 23.33%. With a float of $160.73 million, this company’s outstanding shares have now reached $254.30 million.
Let’s look at the performance matrix of the company that is accounted for 147 employees.
NextDecade Corporation (NEXT) Insider Updates
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of NextDecade Corporation is 37.39%, while institutional ownership is 58.85%. The most recent insider transaction that took place on Sep 29 ’23, was worth 2,419,364. In this transaction Director of this company sold 471,519 shares at a rate of $5.13, taking the stock ownership to the 11,208,389 shares. Before that another transaction happened on Sep 29 ’23, when Company’s Director sold 471,519 for $5.13, making the entire transaction worth $2,419,364. This insider now owns 11,208,389 shares in total.
NextDecade Corporation (NEXT) Performance Highlights and Predictions
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.47 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.2) by -$0.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.60% during the next five years compared to -18.13% drop over the previous five years of trading.
NextDecade Corporation (NASDAQ: NEXT) Trading Performance Indicators
NextDecade Corporation (NEXT) is currently performing well based on its current performance indicators. A quick ratio of 0.57 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.11, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach -1.14 in one year’s time.
Technical Analysis of NextDecade Corporation (NEXT)
NextDecade Corporation (NASDAQ: NEXT) saw its 5-day average volume 0.81 million, a negative change from its year-to-date volume of 1.12 million. As of the previous 9 days, the stock’s Stochastic %D was 63.53%. Additionally, its Average True Range was 0.23.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 86.13%, which indicates a significant increase from 69.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.05% in the past 14 days, which was lower than the 48.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.06, while its 200-day Moving Average is $5.41. Nevertheless, the first resistance level for the watch stands at $5.56 in the near term. At $5.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.70. If the price goes on to break the first support level at $5.43, it is likely to go to the next support level at $5.36. Assuming the price breaks the second support level, the third support level stands at $5.29.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
Market capitalization of the company is 1.41 billion based on 256,585K outstanding shares. Right now, sales total 0 K and income totals -162,260 K. The company made 0 K in profit during its latest quarter, and -129,270 K in sales during its previous quarter.
