NextDecade Corporation (NASDAQ: NEXT) on Tuesday, soared 3.34% from the previous trading day, before settling in for the closing price of $7.79. Within the past 52 weeks, NEXT’s price has moved between $4.27 and $8.52.
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The company achieved an average annual earnings per share of 33.45%. With a float of $164.82 million, this company’s outstanding shares have now reached $257.00 million.
In an organization with 147 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -597.91%, operating margin of -17467.36%, and the pretax margin is -50532.31%.
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 36.68%, while institutional ownership is 46.97%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 33.45% per share during the next fiscal year.
NextDecade Corporation (NASDAQ: NEXT) Trading Performance Indicators
NextDecade Corporation (NEXT) is currently performing well based on its current performance indicators. A quick ratio of 0.49 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -1.01 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 1.4 million. That was inferior than the volume of 1.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 64.12%. Additionally, its Average True Range was 0.37.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 89.79%, which indicates a significant increase from 74.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.44% in the past 14 days, which was higher than the 56.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.10, while its 200-day Moving Average is $6.50. However, in the short run, NextDecade Corporation’s stock first resistance to watch stands at $8.26. Second resistance stands at $8.47. The third major resistance level sits at $8.69. If the price goes on to break the first support level at $7.84, it is likely to go to the next support level at $7.62. The third support level lies at $7.41 if the price breaches the second support level.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
Market capitalization of the company is 2.10 billion based on 260,291K 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 -123,200 K in sales during its previous quarter.
