NextDecade (NASDAQ:NEXT) Hits New 12-Month High – What’s Next?

NextDecade Co. (NASDAQ:NEXT)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.53 and last traded at $8.53, with a volume of 473363 shares. The stock had previously closed at $8.10.

NextDecade Stock Up 0.7 %

The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -8.12 and a beta of 1.29. The business has a fifty day simple moving average of $7.34 and a two-hundred day simple moving average of $6.40. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17.

Institutional Investors Weigh In On NextDecade

Several institutional investors and hedge funds have recently made changes to their positions in NEXT. Captrust Financial Advisors boosted its stake in NextDecade by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 43,544 shares of the company’s stock worth $205,000 after acquiring an additional 1,518 shares during the last quarter. Marshall Wace LLP grew its stake in shares of NextDecade by 21.9% during the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after acquiring an additional 2,300 shares in the last quarter. Twin Securities Inc. acquired a new position in NextDecade during the third quarter valued at approximately $52,000. SG Americas Securities LLC boosted its holdings in shares of NextDecade by 47.0% in the 4th quarter. SG Americas Securities LLC now owns 43,208 shares of the company’s stock valued at $333,000 after buying an additional 13,807 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of NextDecade by 23.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the company’s stock valued at $594,000 after purchasing an additional 14,451 shares during the period. Institutional investors and hedge funds own 66.74% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.