On Tuesday, NextDecade Corporation (NASDAQ: NEXT) opened higher 2.10% from the last session, before settling in for the closing price of $6.20. Price fluctuations for NEXT have ranged from $4.01 to $8.74 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Company’s average yearly earnings per share was noted 23.33% at the time writing. With a float of $160.27 million, this company’s outstanding shares have now reached $254.30 million.
In an organization with 147 employees, it is important to assess its efficiency.
NextDecade Corporation (NEXT) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of NextDecade Corporation is 37.57%, while institutional ownership is 57.93%. 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
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted -0.23 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.21) by -0.02. 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
Check out the current performance indicators for NextDecade Corporation (NEXT). In the past quarter, the stock posted 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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.98 million. That was inferior than the volume of 1.09 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.12%. Additionally, its Average True Range was 0.27.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 84.87%, which indicates a significant increase from 71.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.51% in the past 14 days, which was lower than the 47.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.44, while its 200-day Moving Average is $5.24. However, in the short run, NextDecade Corporation’s stock first resistance to watch stands at $6.43. Second resistance stands at $6.52. The third major resistance level sits at $6.70. If the price goes on to break the first support level at $6.16, it is likely to go to the next support level at $5.98. Assuming the price breaks the second support level, the third support level stands at $5.89.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
There are currently 256,585K shares outstanding in the company with a market cap of 1.62 billion. Presently, the company’s annual sales total 0 K according to its annual income of -162,260 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -129,270 K.
