NextDecade Co. (NASDAQ:NEXT - Get Free Report)'s stock price fell 2.9% during trading on Friday . The company traded as low as $5.67 and last traded at $5.67. 163,653 shares were traded 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 Price Performance
The company has a debt-to-equity ratio of 2.22, a current ratio of 0.45 and a quick ratio of 0.45. The stock has a market capitalization of $1.39 billion, a PE ratio of -31.71 and a beta of 1.28. The company has a 50-day moving average of $5.06 and a two-hundred day moving average of $6.36.
NextDecade (NASDAQ:NEXT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.28). Sell-side analysts predict that NextDecade Co. will post -1.01 EPS for the current fiscal year.
Hedge Funds Weigh In On NextDecade
A number of hedge funds have recently made changes to their positions in NEXT. Catalyst Capital Advisors LLC increased its holdings 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 purchasing an additional 150,800 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of NextDecade in the second quarter valued at about $23,231,000. Wolf Hill Capital Management LP purchased a new stake in shares of NextDecade during the 2nd quarter valued at about $7,096,000. SL Advisors LLC lifted its position in NextDecade by 5.1% during the 3rd quarter. SL Advisors LLC now owns 823,529 shares of the company's stock worth $3,879,000 after acquiring an additional 39,830 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in NextDecade by 108.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company's stock worth $3,504,000 after acquiring an additional 229,646 shares during the period. Hedge funds and other institutional investors own 66.74% of the company's stock.
NextDecade Company Profile
(
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NextDecade Corp. is a development company.
Further Reading
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