Check Out NextDecade Corporation (NEXT)’s Trade Data Rather Than the Analysts’ Views

NextDecade Corporation (NASDAQ: NEXT) stock jumped 1.45% on Wednesday to $5.58 against a previous-day closing price of $5.50. With 0.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.58 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $5.61 whereas the lowest price it dropped to was $5.37. The 52-week range on NEXT shows that it touched its highest point at $8.95 and its lowest point at $2.08 during that stretch. It currently has a 1-year price target of $8.60. Beta for the stock currently stands at 1.04.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NEXT was down-trending over the past week, with a drop of -5.90%, but this was down by -12.13% over a month. Three-month performance dropped to -33.41% while six-month performance fell -24.70%. The stock gained 53.72% in the past year, while it has gained 95.79% so far this year. A look at the trailing 12-month EPS for NEXT yields -0.58 with Next year EPS estimates of -0.20. For the next quarter, that number is -0.06. This implies an EPS growth rate of -38.40% for this year and 41.20% for next year. EPS is expected to grow by 0.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -28.50%.

Float and Shares Shorts:

At present, 144.39 million NEXT shares are outstanding with a float of 135.02 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.49 million, which was 3.11% higher than short shares on Sep 14, 2022. In addition to Mr. Matthew K. Schatzman as the firm’s Chairman & CEO, Mr. Brent E. Wahl serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 78.17% of NEXT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 69.00% of NEXT, in contrast to 6.66% held by mutual funds. Shares owned by individuals account for 58.43%. As the largest shareholder in NEXT with 39.71% of the stake, York Capital Management Global Ad holds 57,319,619 shares worth 57,319,619. A second-largest stockholder of NEXT, Valinor Management LP, holds 15,169,231 shares, controlling over 10.51% of the firm’s shares. Bardin Hill Investment Partners L is the third largest shareholder in NEXT, holding 9,569,680 shares or 6.63% stake. With a 1.49% stake in NEXT, the Catalyst Energy Infrastructure Fu is the largest stakeholder. A total of 2,145,083 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 1.17% of NEXT stock, is the second-largest Mutual Fund holder. It holds 1,693,218 shares valued at 11.85 million. iShares Russell 2000 ETF holds 0.50% of the stake in NEXT, owning 714,073 shares worth 5.0 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEXT since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NEXT analysts setting a high price target of $13.50 and a low target of $5.50, the average target price over the next 12 months is $9.67. Based on these targets, NEXT could surge 141.94% to reach the target high and fall by -1.43% to reach the target low. Reaching the average price target will result in a growth of 73.3% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NEXT will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$0.37 being high and -$0.70 being low. For NEXT, this leads to a yearly average estimate of -$0.53. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. NextDecade Corporation surprised analysts by -$0.03 when it reported -$0.15 EPS against a consensus estimate of -$0.12. The surprise factor in the prior quarter was -$0.03. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.19. The average estimate for the next quarter is thus -$0.13.

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