It makes sense and dollars to buy NextDecade Corporation (NEXT) stock

With 1.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.1 million shares. The 52-week range on NEXT shows that it touched its highest point at $8.74 and its lowest point at $4.01 during that stretch. It currently has a 1-year price target of $8.50. Beta for the stock currently stands at 1.32.

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Price Performance and Earnings:

Three-month performance surged to 11.49% while six-month performance rose 5.94%. The stock gained 21.81% in the past year, while it has gained 15.93% so far this year. A look at the trailing 12-month EPS for NEXT yields -1.11 with Next year EPS estimates of -1.14. For the next quarter, that number is -0.18. This implies an EPS growth rate of 23.33% for this year and -57.64% 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 -18.13%.

Float and Shares Shorts:

At present, 254.30 million NEXT shares are outstanding with a float of 160.22 million shares on hand for trading. On Mar 15, 2024, short shares totaled 11.27 million, which was 4.39% higher than short shares on Feb 15, 2024. In addition to NEE as the firm’s NextEra Energy, Inc., NET serves as its Cloudflare, Inc.

Institutional Ownership:

Through their ownership of 64.87% of NEXT’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

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.

Dividends & Yield:

In terms of dividends, NEXT has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NEXT currently yields $0.00. In the past year, NEXT’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, NEXT has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.