NextDecade Corporation (NASDAQ: NEXT) has seen a decline in its stock price by -0.83 in relation to its previous close of 5.99. However, the company has experienced a -4.65% decline in its stock price over the last five trading sessions. Market Watch reported 2024-01-26 that The Biden administration’s announcement Friday that it’s pausing liquefied natural gas export approvals sparked political backlash, drew cheers from climate activists and stoked uncertainty in energy markets, but is unlikely to see the U.S. give up its title as the world’s top LNG exporter.
Is It Worth Investing in NextDecade Corporation (NASDAQ: NEXT) Right Now?
The stock has a 36-month beta value of 1.31. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NEXT is 160.27M, and at present, short sellers hold a 6.97% of that float. On April 19, 2024, the average trading volume of NEXT was 1.12M shares.
NEXT’s Market Performance
The stock of NextDecade Corporation (NEXT) has seen a -4.65% decrease in the past week, with a 8.00% rise in the past month, and a 32.89% gain in the past quarter. The volatility ratio for the week is 4.78%, and the volatility levels for the past 30 days are at 4.61% for NEXT. The simple moving average for the last 20 days is 3.73% for NEXT stock, with a simple moving average of 12.39% for the last 200 days.
Analysts’ Opinion of NEXT
Many brokerage firms have already submitted their reports for NEXT stocks, with Wolfe Research repeating the rating for NEXT by listing it as a “Outperform.” The predicted price for NEXT in the upcoming period, according to Wolfe Research is $8 based on the research report published on August 16, 2023 of the previous year 2023.
Stifel, on the other hand, stated in their research note that they expect to see NEXT reach a price target of $9, previously predicting the price at $7.50. The rating they have provided for NEXT stocks is “Buy” according to the report published on August 15th, 2023.
Stifel gave a rating of “Hold” to NEXT, setting the target price at $6 in the report published on July 28th of the previous year.
NEXT Trading at 11.16% 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 -32.02% of loss for the given period.
Volatility was left at 4.61%, however, over the last 30 days, the volatility rate increased by 4.78%, as shares surge +5.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.75% upper at present.
During the last 5 trading sessions, NEXT fell by -4.65%, which changed the moving average for the period of 200-days by -27.03% in comparison to the 20-day moving average, which settled at $5.74. In addition, NextDecade Corporation saw 24.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NEXT starting from Bardin Hill Investment Partner, who sale 471,519 shares at the price of $5.13 back on Sep 29 ’23. After this action, Bardin Hill Investment Partner now owns 11,208,389 shares of NextDecade Corporation, valued at $2,419,364 using the latest closing price.
Bardin Hill Investment Partner, the Director of NextDecade Corporation, sale 471,519 shares at $5.13 during a trade that took place back on Sep 29 ’23, which means that Bardin Hill Investment Partner is holding 11,208,389 shares at $2,419,364 based on the most recent closing price.
Stock Fundamentals for NEXT
The total capital return value is set at -0.04. Equity return is now at value -59.57, with -8.92 for asset returns.
Based on NextDecade Corporation (NEXT), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 6.32. The interest coverage ratio of the stock is -1.62.
Currently, EBITDA for the company is -119.52 million with net debt to EBITDA at -85.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.
Conclusion
To sum up, NextDecade Corporation (NEXT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
