NextDecade Corporation (NASDAQ: NEXT) on Friday, soared 16.94% from the previous trading day, before settling in for the closing price of $9.21. Within the past 52 weeks, NEXT’s price has moved between $4.27 and $9.71.
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During the last 5-year period, the sales growth of Energy Sector giant was 11.71%. The company achieved an average annual earnings per share of -522.92%. With a float of $165.04 million, this company’s outstanding shares have now reached $257.60 million.
Let’s determine the extent of company efficiency that accounts for 237 employees. 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 Activity
Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of NextDecade Corporation is 36.74%, while institutional ownership is 43.65%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -522.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.64% 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 0.85 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.69, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach -2.81 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 3.7 million, which is a jump from its year-to-date volume of 2.06 million. As of the previous 9 days, the stock’s Stochastic %D was 81.88%.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 99.73%, which indicates a significant increase from 99.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.48 in the past 14 days, which was higher than the 0.48 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.21, while its 200-day Moving Average is $7.39. However, in the short run, NextDecade Corporation’s stock first resistance to watch stands at $11.26. Second resistance stands at $11.74. The third major resistance level sits at $12.70. If the price goes on to break the first support level at $9.81, it is likely to go to the next support level at $8.85. Should the price break the second support level, the third support level stands at $8.37.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
Market capitalization of the company is 2.81 billion based on 260,874K 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 -88,800 K in sales during its previous quarter.
