NextDecade (NASDAQ:NEXT) Trading Up 6.6% – What’s Next?

NextDecade Co. (NASDAQ:NEXT) rose 6.6% on Friday . The stock traded as high as $7.81 and last traded at $7.74. Approximately 860,056 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,799,811 shares. The stock had previously closed at $7.26.

NextDecade Price Performance

The stock has a 50 day moving average of $7.99 and a 200-day moving average of $6.55. The stock has a market capitalization of $2.14 billion, a P/E ratio of -7.34 and a beta of 1.27. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17.

NextDecade (NASDAQ:NEXT) last issued its earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). On average, equities research analysts anticipate that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NextDecade

A number of institutional investors have recently modified their holdings of NEXT. Steward Partners Investment Advisory LLC grew its stake in NextDecade by 350.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock worth $35,000 after purchasing an additional 3,485 shares in the last quarter. Twin Securities Inc. purchased a new stake in shares of NextDecade in the 3rd quarter worth $52,000. Mainstream Capital Management LLC bought a new position in shares of NextDecade during the 4th quarter worth $56,000. Tower Research Capital LLC TRC raised its holdings in shares of NextDecade by 201.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock valued at $60,000 after acquiring an additional 5,212 shares in the last quarter. Finally, Briaud Financial Planning Inc raised its holdings in shares of NextDecade by 29.2% in the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock valued at $71,000 after acquiring an additional 2,109 shares in the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

NextDecade Company Profile

NextDecade Corp. is a development company.