Recent developments with NextDecade Corporation (NEXT) have led to the company’s beta value being reach 1.28 cents.

A new trading day began on Monday, with NextDecade Corporation (NASDAQ: NEXT) stock price down -3.88% from the previous day of trading, before settling in for the closing price of $8.51. NEXT’s price has ranged from $4.27 to $9.47 over the past 52 weeks.

Meanwhile, its annual earnings per share averaged 33.45%. With a float of $164.82 million, this company’s outstanding shares have now reached $257.00 million.

Let’s look at the performance matrix of the company that is accounted for 147 employees. 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

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 36.68%, while institutional ownership is 46.83%. 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. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -12.72% 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 -0.19 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 2.59 million, a positive change from its year-to-date volume of 2.43 million. As of the previous 9 days, the stock’s Stochastic %D was 36.46%. Additionally, its Average True Range was 0.44.

During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 75.19%, which indicates a significant increase from 31.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.38% in the past 14 days, which was higher than the 57.72% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.46, while its 200-day Moving Average is $6.62. Nevertheless, the first resistance level for the watch stands at $8.38 in the near term. At $8.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.74. If the price goes on to break the first support level at $8.01, it is likely to go to the next support level at $7.84. The third support level lies at $7.65 if the price breaches the second support level.

NextDecade Corporation (NASDAQ: NEXT) Key Stats

With a market capitalization of 2.13 billion, the company has a total of 260,291K 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 -123,200 K.