NextDecade Corporation (NASDAQ: NEXT) on Tuesday, plunged -0.34% from the previous trading day, before settling in for the closing price of $5.88. Within the past 52 weeks, NEXT’s price has moved between $4.01 and $8.52.
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The company achieved an average annual earnings per share of 67.62%. With a float of $164.03 million, this company’s outstanding shares have now reached $254.30 million.
Let’s look at the performance matrix of the company that is accounted for 147 employees. 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 and Institutional Ownership
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of NextDecade Corporation is 36.79%, while institutional ownership is 44.09%. 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) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.48 earnings per share (EPS) for the period topping the consensus outlook (set at -0.14) by 0.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 67.62% 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 0.45 was reported for the most recent quarter.
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 -1.01 in one year’s time.
Technical Analysis of NextDecade Corporation (NEXT)
NextDecade Corporation (NASDAQ: NEXT) saw its 5-day average volume 0.96 million, a negative change from its year-to-date volume of 1.51 million. As of the previous 9 days, the stock’s Stochastic %D was 84.78%. Additionally, its Average True Range was 0.26.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 37.41%, which indicates a significant decrease from 86.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.48% in the past 14 days, which was lower than the 62.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.02, while its 200-day Moving Average is $5.99. Nevertheless, the first resistance level for the watch stands at $5.92 in the near term. At $5.99, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.07. If the price goes on to break the first support level at $5.78, it is likely to go to the next support level at $5.70. The third support level lies at $5.63 if the price breaches the second support level.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
Market capitalization of the company is 1.52 billion based on 257,994K 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 -32,580 K in sales during its previous quarter.
