NextDecade Co. (NASDAQ:NEXT - Get Free Report) dropped 6% during trading on Thursday . The company traded as low as $8.54 and last traded at $8.51. Approximately 939,315 shares were traded 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 Price Performance
The firm has a fifty day moving average price of $8.03 and a two-hundred day moving average price of $7.03. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $2.03 billion, a P/E ratio of -6.95 and a beta of 1.18.
NextDecade (NASDAQ:NEXT - Get Free Report) last announced 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). On average, analysts expect that NextDecade Co. will post -0.61 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its stake in shares of NextDecade by 350.6% in the 4th 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 during the period. Mainstream Capital Management LLC purchased a new position in shares of NextDecade during the 4th quarter worth $56,000. Tower Research Capital LLC TRC grew its position in shares of NextDecade by 201.6% during the 4th 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 during the period. Briaud Financial Planning Inc increased its stake in shares of NextDecade by 29.2% in the 4th 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 in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of NextDecade in the 4th quarter worth $79,000. Institutional investors own 66.74% of the company's stock.
About NextDecade
(
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NextDecade Corp. is a development company.
Further Reading
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