A new trading day began on Monday, with NextDecade Corporation (NASDAQ: NEXT) stock price up 3.48% from the previous day of trading, before settling in for the closing price of $10.34. NEXT’s price has ranged from $4.27 to $12.12 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 11.71% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -401.39%. With a float of $166.15 million, this company’s outstanding shares have now reached $257.70 million.
In an organization with 237 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -122.37%, operating margin of -2591.36%, and the pretax margin is -2924.06%.
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 Equipment & Services Industry. The insider ownership of NextDecade Corporation is 36.58%, while institutional ownership is 43.73%.
NextDecade Corporation (NEXT) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.8 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -401.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.63% during the next five years compared to 11.71% growth 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 0.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.79, a number that is poised to hit -0.23 in the next quarter and is forecasted to reach -1.51 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 3.2 million. That was better than the volume of 2.17 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 16.24%.
During the past 100 days, NextDecade Corporation’s (NEXT) raw stochastic average was set at 79.60%, which indicates a significant increase from 27.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.54 in the past 14 days, which was higher than the 0.49 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.73, while its 200-day Moving Average is $8.03. However, in the short run, NextDecade Corporation’s stock first resistance to watch stands at $10.84. Second resistance stands at $10.97. The third major resistance level sits at $11.22. If the price goes on to break the first support level at $10.45, it is likely to go to the next support level at $10.20. The third support level lies at $10.06 if the price breaches the second support level.
NextDecade Corporation (NASDAQ: NEXT) Key Stats
With a market capitalization of 2.80 billion, the company has a total of 261,988K Shares Outstanding. Currently, annual sales are 0 K while annual income is -61,750 K. The company’s previous quarter sales were 0 K while its latest quarter income was -60,870 K.
