NextDecade Corporation (NASDAQ: NEXT) on Tuesday, plunged -2.73% from the previous trading day, before settling in for the closing price of $6.22. 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 $160.27 million, this company’s outstanding shares have now reached $254.30 million.
Considering the fact that the conglomerate employs 147 people, you should pay attention to its efficiency factor.
NextDecade Corporation (NEXT) Insider Activity
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of NextDecade Corporation is 37.57%, while institutional ownership is 57.94%. 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) Earnings and Forecasts
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)
Compared to the last year’s volume of 1.1 million, its volume of 1.19 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 60.12%. Additionally, its Average True Range was 0.27.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 73.42%, which indicates a significant increase from 53.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.51% in the past 14 days, which was lower than the 47.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.32, while its 200-day Moving Average is $5.30. Nevertheless, the first resistance level for the watch stands at $6.15 in the near term. At $6.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.35. If the price goes on to break the first support level at $5.96, it is likely to go to the next support level at $5.86. Should the price break the second support level, the third support level stands at $5.76.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
Market capitalization of the company is 1.55 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.
