A Lesson to Learn: NextDecade Corporation (NEXT)


NextDecade Corporation (NASDAQ:NEXT) went up by 19.02% from its latest closing price compared to the recent 1-year high of $6.78. The company’s stock price has collected 105.63% of gains in the last five trading sessions.

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Is It Worth Investing in NextDecade Corporation (NASDAQ :NEXT) Right Now?

NextDecade Corporation (NASDAQ:NEXT) scored a price-to-earnings ratio above its average ratio, recording x from its present earnings ratio. Plus, the 36-month beta value for NEXT is at 0.14. Opinions of the stock are interesting as 0 analysts out of 6 who provided ratings for NextDecade Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 1 as “sell.”

The average price from analysts is $2.83, which is -$1.02 below the current price. NEXT currently public float of 108.88M and currently shorts hold a 0.41% ratio of that float. Today, the average trading volume of NEXT was 443.54K shares.

NEXT’s Market Performance

NEXT stocks went up by 105.63% for the week, with a monthly jump of 215.11% and a quarterly performance of 92.11%, while its annual performance rate touched -32.20%. The volatility ratio for the week stands at 32.78% while the volatility levels for the past 30 days are set at 19.63% for NextDecade Corporation. The simple moving average for the period of the last 20 days is 142.86% for NEXT stocks with a simple moving average of 49.25% for the last 200 days.

Analysts’ Opinion of NEXT

Many brokerage firms have already submitted their reports for NEXT stocks, with Evercore ISI repeating the rating for NEXT by listing it as a “In-line.” The predicted price for NEXT in the upcoming period, according to Evercore ISI is $2.50 based on the research report published on April 21st of the current year 2020.

Morgan Stanley, on the other hand, stated in their research note that they expect to see NEXT reach a price target of $5. The rating they have provided for NEXT stocks is “Underweight” according to the report published on September 20th, 2019.

Evercore ISI gave a rating of “Outperform” to NEXT, setting the target price at $11 in the report published on September 18th of the previous year.

NEXT Trading at 156.85% from the 50-Day Moving Average

After a stumble in the market that brought NEXT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.40% of loss for the given period.

Volatility was left at 19.63%, however, over the last 30 days, the volatility rate increased by 32.78%, as shares surge +219.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +124.62% upper at present.

During the last 5 trading sessions, NEXT rose by +105.63%, which changed the moving average for the period of 200-days by -30.59% in comparison to the 20-day moving average, which settled at $1.95. In addition, NextDecade Corporation saw -28.66% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for NEXT

Equity return is now at value -48.60, with -17.60 for asset returns.

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