NextDecade Corporation (NASDAQ: NEXT) stock jumped 1.47% on Monday to $4.82 against a previous-day closing price of $4.75. With 1.09 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.07 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $4.9300 whereas the lowest price it dropped to was $4.7800. The 52-week range on NEXT shows that it touched its highest point at $8.74 and its lowest point at $3.92 during that stretch. It currently has a 1-year price target of $8.50. Beta for the stock currently stands at 1.10.
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 up-trending over the past week, with a rise of 7.83%, but this was up by 5.93% over a month. Three-month performance dropped to -23.49% while six-month performance fell -19.26%. The stock lost -17.32% in the past year, while it has lost -2.43% so far this year. A look at the trailing 12-month EPS for NEXT yields -0.78 with Next year EPS estimates of -1.02. For the next quarter, that number is -0.18. This implies an EPS growth rate of -81.29% for this year and 13.60% 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 -13.12%.
Float and Shares Shorts:
At present, 256.57 million NEXT shares are outstanding with a float of 156.78 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.86 million, which was 3.06% higher than short shares on Sep 28, 2023. In addition to Mr. Matthew K. Schatzman as the firm’s Chairman & CEO, Mr. Brent E. Wahl serves as its Chief Financial Officer.
Through their ownership of 97.36% of NEXT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.57% of NEXT, in contrast to 48.17% held by mutual funds. Shares owned by individuals account for 41.19%. As the largest shareholder in NEXT with 20.02% of the stake, York Capital Management Global Ad holds 48,324,888 shares worth 48,324,888. A second-largest stockholder of NEXT, Valinor Management LP, holds 14,987,122 shares, controlling over 6.21% of the firm’s shares. BlackRock Financial Management, I is the third largest shareholder in NEXT, holding 11,054,063 shares or 4.58% stake. With a 1.98% stake in NEXT, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,771,090 shares are owned by the mutual fund manager. The Catalyst Energy Infrastructure Fu, which owns about 1.12% of NEXT stock, is the second-largest Mutual Fund holder. It holds 2,714,755 shares valued at 11.92 million. Tortoise Energy Infrastructure To holds 0.79% of the stake in NEXT, owning 1,909,915 shares worth 8.38 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NEXT since 0 analysts follow the stock currently. 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 $10.00 and a low target of $7.00, the average target price over the next 12 months is $8.50. Based on these targets, NEXT could surge 107.47% to reach the target high and rise by 45.23% to reach the target low. Reaching the average price target will result in a growth of 76.35% from current levels.
Summary of Insider Activity:
Insiders traded NEXT stock several times over the past three months with 9 Buys and 14 Sells. In these transactions, 15,871,657 shares were bought while 11,822,497 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 35,797,146 while 12,699,612 shares were sold.