A new trading day began on Tuesday, with NextDecade Corporation (NASDAQ: NEXT) stock price up 6.79% from the previous day of trading ,before settling in for the closing price of $5.60. NEXT’s price has ranged from $4.01 to $8.74 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 23.33%. With a float of $160.22 million, this company’s outstanding shares have now reached $254.30 million.
The extent of productivity of a business whose workforce counts for 147 workers is very important to gauge.
NextDecade Corporation (NEXT) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of NextDecade Corporation is 37.59%, while institutional ownership is 57.96%. 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
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.47 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are NextDecade Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.57.
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)
The latest stats from [NextDecade Corporation, NEXT] show that its last 5-days average volume of 0.73 million was inferior to 1.09 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 68.87%. Additionally, its Average True Range was 0.25.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 99.00%, which indicates a significant increase from 97.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.67% in the past 14 days, which was lower than the 49.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.22, while its 200-day Moving Average is $5.34. Now, the first resistance to watch is $6.11. This is followed by the second major resistance level at $6.24. The third major resistance level sits at $6.48. If the price goes on to break the first support level at $5.74, it is likely to go to the next support level at $5.49. Assuming the price breaks the second support level, the third support level stands at $5.37.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
With a market capitalization of 1.54 billion, the company has a total of 256,585K Shares Outstanding. Currently, annual sales are 0 K while annual income is -162,260 K. The company’s previous quarter sales were 0 K while its latest quarter income was -129,270 K.
