NextDecade Co. (NASDAQ:NEXT - Get Free Report) shares rose 3.4% during mid-day trading on Tuesday . The stock traded as high as $7.27 and last traded at $7.22. Approximately 1,214,735 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 1,573,855 shares. The stock had previously closed at $6.98.
NextDecade Stock Performance
The company has a market cap of $2.01 billion, a PE ratio of -6.88 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. The stock's 50-day simple moving average is $6.75 and its 200 day simple moving average is $6.35.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in NextDecade by 108.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company's stock worth $3,504,000 after purchasing an additional 229,646 shares during the period. Principal Financial Group Inc. boosted its stake in shares of NextDecade by 49.0% in the second quarter. Principal Financial Group Inc. now owns 15,619 shares of the company's stock valued at $124,000 after buying an additional 5,133 shares in the last quarter. nVerses Capital LLC acquired a new position in NextDecade during the second quarter worth $122,000. Rhumbline Advisers raised its position in NextDecade by 49.4% in the second quarter. Rhumbline Advisers now owns 157,612 shares of the company's stock worth $1,251,000 after acquiring an additional 52,128 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in NextDecade in the second quarter valued at $157,000. 66.74% of the stock is owned by hedge funds and other institutional investors.
About NextDecade
(
Get Free Report)
NextDecade Corp. is a development company.
Further Reading
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