NextDecade (NASDAQ:NEXT) Trading Down 6% – What’s Next?

Posted by Donald Scott on Mar 27th, 2025

NextDecade Co. (NASDAQ:NEXT – Get Free Report) shares were down 6% during trading on Thursday . The stock traded as low as $8.54 and last traded at $8.51. Approximately 939,315 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 1,719,004 shares. The stock had previously closed at $9.05.

NextDecade Trading Down 7.0 %

The company has a market capitalization of $2.19 billion, a P/E ratio of -7.51 and a beta of 1.18. The business has a fifty day moving average of $8.09 and a 200-day moving average of $6.94. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49.

NextDecade (NASDAQ:NEXT – Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($1.67). Analysts anticipate that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NEXT. Intech Investment Management LLC purchased a new position in shares of NextDecade in the third quarter valued at about $153,000. Charles Schwab Investment Management Inc. lifted its position in NextDecade by 43.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock valued at $5,015,000 after acquiring an additional 321,603 shares in the last quarter. Algert Global LLC boosted its stake in NextDecade by 236.7% during the 3rd quarter. Algert Global LLC now owns 386,142 shares of the company’s stock valued at $1,819,000 after purchasing an additional 271,458 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of NextDecade by 74.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,674 shares of the company’s stock worth $281,000 after purchasing an additional 25,380 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NextDecade by 16.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 144,778 shares of the company’s stock worth $682,000 after buying an additional 19,939 shares in the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.