NextDecade Co. (NASDAQ:NEXT - Get Free Report)'s stock price was up 6.6% during mid-day trading on Friday . The stock traded as high as $7.81 and last traded at $7.74. Approximately 860,056 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 1,799,811 shares. The stock had previously closed at $7.26.
NextDecade Trading Up 7.0 %
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 firm has a market capitalization of $2.02 billion, a P/E ratio of -6.95 and a beta of 1.27. The business's 50 day moving average is $8.00 and its two-hundred day moving average is $6.58.
NextDecade (NASDAQ:NEXT - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.67). Analysts expect that NextDecade Co. will post -0.61 EPS for the current year.
Institutional Trading of NextDecade
A number of institutional investors have recently added to or reduced their stakes in NEXT. Steward Partners Investment Advisory LLC grew its holdings in shares of NextDecade by 350.6% during 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 in the last quarter. Twin Securities Inc. acquired a new position in shares of NextDecade in the 3rd quarter valued at $52,000. Mainstream Capital Management LLC bought a new position in shares of NextDecade during the 4th quarter worth about $56,000. Tower Research Capital LLC TRC raised its position in NextDecade by 201.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company's stock worth $60,000 after purchasing an additional 5,212 shares in the last quarter. Finally, Briaud Financial Planning Inc grew 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 valued at $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
(
Get Free Report)
NextDecade Corp. is a development company.
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