NextDecade (NASDAQ:NEXT) Reaches New 12-Month High – Here’s What Happened

NextDecade Co. (NASDAQ:NEXT)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.47 and last traded at $9.05, with a volume of 2036463 shares traded. The stock had previously closed at $9.10.

NextDecade Price Performance

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 business’s 50-day simple moving average is $7.47 and its 200-day simple moving average is $6.42. The stock has a market cap of $2.21 billion, a PE ratio of -7.58 and a beta of 1.29.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $1.02. On average, research analysts expect that NextDecade Co. will post -0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Twin Securities Inc. bought a new position in NextDecade in the third quarter worth about $52,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NextDecade in the 3rd quarter valued at approximately $77,000. Clear Harbor Asset Management LLC purchased a new stake in NextDecade in the third quarter worth $99,000. Marshall Wace LLP raised its holdings in NextDecade by 21.9% in the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after purchasing an additional 2,300 shares in the last quarter. Finally, ARS Investment Partners LLC bought a new stake in shares of NextDecade during the 4th quarter valued at $124,000. 66.74% of the stock is currently owned by institutional investors.

About NextDecade

NextDecade Corp. is a development company.