-30.61% percent quarterly performance for NextDecade Corporation (NEXT) is not indicative of the underlying story

On Monday, NextDecade Corporation (NASDAQ: NEXT) was 2.24% up from the session before settling in for the closing price of $4.90. A 52-week range for NEXT has been $4.01 – $8.52.

When this article was written, the company’s average yearly earnings per share was at 85.72%. With a float of $164.09 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. In terms of profitability, gross margin is -535.16%, operating margin of -16003.52%, and the pretax margin is 12645.6%.

NextDecade Corporation (NEXT) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward NextDecade Corporation stocks. The insider ownership of NextDecade Corporation is 36.76%, while institutional ownership is 43.90%. The most recent insider transaction that took place on Jul 29 ’24, was worth 87,681,818. In this transaction 10% Owner of this company bought 11,690,909 shares at a rate of $7.50, taking the stock ownership to the 17,536,369 shares. Before that another transaction happened on Jul 25 ’24, when Company’s Director sold 35,072,737 for $7.50, making the entire transaction worth $263,045,528. This insider now owns 4,264,298 shares in total.

NextDecade Corporation (NEXT) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.48 earnings per share (EPS) during the time that was better than consensus figure (set at -0.14) by 0.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 85.72% 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

You can see what NextDecade Corporation (NEXT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.45.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.05, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.77 in one year’s time.

Technical Analysis of NextDecade Corporation (NEXT)

Compared to the last year’s volume of 1.54 million, its volume of 1.54 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 62.37%. Additionally, its Average True Range was 0.39.

During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 15.42%, which indicates a significant decrease from 38.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.76% in the past 14 days, which was higher than the 66.69% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.04, while its 200-day Moving Average is $5.92. Nevertheless, the first resistance level for the watch stands at $5.10 in the near term. At $5.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.32. If the price goes on to break the first support level at $4.89, it is likely to go to the next support level at $4.77. Should the price break the second support level, the third support level stands at $4.67.

NextDecade Corporation (NASDAQ: NEXT) Key Stats

There are 257,994K outstanding shares of the company, which has a market capitalization of 1.30 billion. As of now, sales total 0 K while income totals -162,260 K. Its latest quarter income was 0 K while its last quarter net income were -32,580 K.