NextDecade (NASDAQ:NEXT) Shares Down 2.9% – Should You Sell?

Posted by on Nov 1st, 2024

NextDecade Co. (NASDAQ:NEXT – Get Free Report)’s stock price fell 2.9% during trading on Friday . The stock traded as low as $5.67 and last traded at $5.67. 163,653 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,505,701 shares. The stock had previously closed at $5.84.

NextDecade Trading Down 1.7 %

The stock has a fifty day moving average of $5.04 and a 200 day moving average of $6.36. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market capitalization of $1.48 billion, a P/E ratio of -34.35 and a beta of 1.28.

NextDecade (NASDAQ:NEXT – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.28). As a group, equities research analysts anticipate that NextDecade Co. will post -1.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Encompass Capital Advisors LLC purchased a new position in shares of NextDecade during the 2nd quarter worth about $23,231,000. Wolf Hill Capital Management LP purchased a new stake in shares of NextDecade in the second quarter worth approximately $7,096,000. SG Americas Securities LLC bought a new stake in shares of NextDecade during the 1st quarter worth approximately $1,726,000. Bank of New York Mellon Corp boosted its holdings in NextDecade by 108.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company’s stock valued at $3,504,000 after acquiring an additional 229,646 shares during the period. Finally, Catalyst Capital Advisors LLC grew its position in NextDecade by 4.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company’s stock valued at $17,085,000 after acquiring an additional 150,800 shares during the last quarter. Institutional investors own 66.74% of the company’s stock.

About NextDecade

(Get Free Report)

NextDecade Corp. is a development company.

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