A new trading day began on Friday, with NextDecade Corporation (NASDAQ: NEXT) stock price up 13.22% from the previous day of trading, before settling in for the closing price of $7.26. NEXT’s price has ranged from $4.27 to $9.47 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged -122.50%. With a float of $164.73 million, this company’s outstanding shares have now reached $257.10 million.
Let’s determine the extent of company efficiency that accounts for 237 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 Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of NextDecade Corporation is 36.71%, while institutional ownership is 44.15%. 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
According to the Wall Street analysts, stocks earnings will be around -122.50% per share during the next fiscal year.
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 0.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.24, a number that is poised to hit -0.44 in the next quarter and is forecasted to reach -2.41 in one year’s time.
Technical Analysis of NextDecade Corporation (NEXT)
Looking closely at NextDecade Corporation (NASDAQ: NEXT), its last 5-days average volume was 1.51 million, which is a drop from its year-to-date volume of 1.86 million. As of the previous 9 days, the stock’s Stochastic %D was 35.74%. Additionally, its Average True Range was 0.46.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 72.86%, which indicates a significant decrease from 84.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.67% in the past 14 days, which was higher than the 61.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.87, while its 200-day Moving Average is $6.82. However, in the short run, NextDecade Corporation’s stock first resistance to watch stands at $8.62. Second resistance stands at $9.03. The third major resistance level sits at $9.78. If the price goes on to break the first support level at $7.46, it is likely to go to the next support level at $6.71. Should the price break the second support level, the third support level stands at $6.30.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
With a market capitalization of 2.14 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.
