NextDecade Co. (NASDAQ:NEXT - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $6.84, but opened at $7.37. NextDecade shares last traded at $7.36, with a volume of 591,641 shares trading hands.
NextDecade Trading Up 4.8 %
The company's 50 day simple moving average is $7.63 and its two-hundred day simple moving average is $7.23. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -6.98 and a beta of 0.80. 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 issued its 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). Research analysts expect that NextDecade Co. will post -0.61 EPS for the current fiscal year.
Institutional Investors Weigh In On NextDecade
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its position in shares of NextDecade by 350.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock valued at $35,000 after purchasing an additional 3,485 shares during the period. GAMMA Investing LLC boosted its holdings in NextDecade by 2,302.6% during the first quarter. GAMMA Investing LLC now owns 6,535 shares of the company's stock valued at $51,000 after acquiring an additional 6,263 shares during the period. Mainstream Capital Management LLC acquired a new stake in shares of NextDecade in the fourth quarter valued at about $56,000. Tower Research Capital LLC TRC grew its position 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 purchasing an additional 5,212 shares during the last quarter. Finally, Briaud Financial Planning Inc increased its stake 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 worth $71,000 after purchasing an additional 2,109 shares during the period. 66.74% of the stock is currently owned by institutional investors and hedge funds.
About NextDecade
(
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NextDecade Corp. is a development company.
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