NextDecade (NASDAQ:NEXT) Stock Price Down 7.3% – What’s Next?

NextDecade Co. (NASDAQ:NEXT) was down 7.3% during trading on Thursday . The stock traded as low as $7.93 and last traded at $7.97. Approximately 1,742,088 shares were traded during trading, a decline of 19% from the average daily volume of 2,156,405 shares. The stock had previously closed at $8.60.

NextDecade Price Performance

The business’s fifty day moving average price is $7.67 and its 200 day moving average price is $6.46. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $2.02 billion, a P/E ratio of -6.94 and a beta of 1.27.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of ($0.22) by $1.02. Sell-side analysts forecast that NextDecade Co. will post -0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On NextDecade

Hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in 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 last quarter. Twin Securities Inc. acquired a new position in shares of NextDecade in the third quarter valued at approximately $52,000. Mainstream Capital Management LLC bought a new position in NextDecade in the 4th quarter valued at approximately $56,000. Briaud Financial Planning Inc boosted its position in NextDecade by 29.2% during the 4th quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock worth $71,000 after buying an additional 2,109 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in NextDecade during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.