A new trading day began on Friday, with NextDecade Corporation (NASDAQ: NEXT) stock price up 1.28% from the previous day of trading, before settling in for the closing price of $5.45. NEXT’s price has ranged from $4.01 to $8.52 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
Meanwhile, its annual earnings per share averaged 85.72%. With a float of $164.03 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
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 36.79%, while institutional ownership is 43.91%. 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
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.48 per share, which was $0.1 higher 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 -0.06 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
Here are NextDecade Corporation’s current performance indicators. According to the last quarter’s results, the stock had 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 -0.16 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 1.53 million, its volume of 1.33 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 71.01%. Additionally, its Average True Range was 0.27.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 29.41%, which indicates a significant decrease from 76.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.79% in the past 14 days, which was lower than the 65.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.90, while its 200-day Moving Average is $5.95. Nevertheless, the first resistance level for the watch stands at $5.62 in the near term. At $5.72, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.80. If the price goes on to break the first support level at $5.44, it is likely to go to the next support level at $5.36. Should the price break the second support level, the third support level stands at $5.26.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
With a market capitalization of 1.43 billion, the company has a total of 257,994K 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 -32,580 K.
