A new trading day began on Monday, with NextDecade Corporation (NASDAQ: NEXT) stock price up 4.23% from the previous day of trading, before settling in for the closing price of $7.09. NEXT’s price has ranged from $4.15 to $8.52 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 33.45%. With a float of $164.54 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 -530.55%, operating margin of -25603.96%, and the pretax margin is -20875.6%.
NextDecade Corporation (NEXT) Insider Updates
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 43.75%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 33.45% 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 0.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.42 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 2.87 million, a positive change from its year-to-date volume of 1.54 million. As of the previous 9 days, the stock’s Stochastic %D was 97.34%. Additionally, its Average True Range was 0.37.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 73.41%, which indicates a significant decrease from 98.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.81% in the past 14 days, which was higher than the 68.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.30, while its 200-day Moving Average is $6.06. Nevertheless, the first resistance level for the watch stands at $7.55 in the near term. At $7.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.00. If the price goes on to break the first support level at $7.10, it is likely to go to the next support level at $6.81. Assuming the price breaks the second support level, the third support level stands at $6.65.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
With a market capitalization of 1.97 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.
