NextDecade Corporation (NASDAQ: NEXT) on Tuesday, soared 17.24% from the previous trading day, before settling in for the closing price of $7.25. Within the past 52 weeks, NEXT’s price has moved between $4.27 and $9.47.
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The company achieved an average annual earnings per share of -93.27%. With a float of $164.83 million, this company’s outstanding shares have now reached $257.10 million.
In an organization with 237 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
NextDecade Corporation (NEXT) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of NextDecade Corporation is 36.71%, while institutional ownership is 44.13%. 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 -93.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.62% during the next five years compared to 11.71% growth 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 0.69 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.24, a number that is poised to hit -0.25 in the next quarter and is forecasted to reach -1.34 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 1.92 million. That was better than the volume of 1.81 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 64.00%. Additionally, its Average True Range was 0.54.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 76.82%, which indicates a significant decrease from 92.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 111.24% in the past 14 days, which was higher than the 69.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.93, while its 200-day Moving Average is $6.82. However, in the short run, NextDecade Corporation’s stock first resistance to watch stands at $9.03. Second resistance stands at $9.57. The third major resistance level sits at $10.49. If the price goes on to break the first support level at $7.58, it is likely to go to the next support level at $6.66. The third support level lies at $6.13 if the price breaches the second support level.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
Market capitalization of the company is 2.21 billion based on 260,443K outstanding shares. Right now, sales total 0 K and income totals -61,750 K. The company made 0 K in profit during its latest quarter, and 65,680 K in sales during its previous quarter.
