TD Cowen has recently reiterated Nextdecade Corp (NEXT) stock to Buy rating, as announced on June 6, 2024, according to Finviz. Earlier, on August 16, 2023, Wolfe Research had raised the stock from a Peer Perform to Outperform, setting a price target of $8. Stifel also raised Buy rating with a price target of $9. Additionally, Stifel raised Hold rating on July 28, 2022, with a target price of $6. Stifel analysts, in their report published on April 26, 2022, also reduced Sell rating and set a price target of $4 for Nextdecade Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Nextdecade Corp (NEXT) Stock Trading Recap
On Tuesday, Nextdecade Corp (NEXT) stock saw a decline, ending the day at $4.64 which represents a decrease of $-0.07 or -1.49% from the prior close of $4.71. The stock opened at $4.66 and touched a low of $4.59 during the day, reaching a high of $4.75. The volume of shares traded was 1.16 million falling short of the average volume of 1.94 million.
NEXT Stock Performance and Moving Averages
In recent trading, Nextdecade Corp (NEXT) stock price has shown some volatility, fluctuating -5.69% over the last five trades and -0.43% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -13.59%, and it has plunged by -42.07% in the previous three months. Currently, NEXT is trading at -2.42%, -16.27%, and -21.57% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NEXT, a Energy sector stock, is trading -45.54% below its 52-week high but remains 15.71% above its 52-week low. The Average True Range (ATR) (14 days) of 0.27 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Nextdecade Corp’s Profitability and Valuation Ratios
Nextdecade Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 0.00% with a gross margin of -13.59%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Nextdecade Corp’s market capitalization stands at $1.20 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Book Ratio is 1.87, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 36.79% of Nextdecade Corp (NEXT)’s shares, while financial institutions hold 43.91%.
Notable insider trades include York Capital Management Global, Director at Nextdecade Corp (NEXT), who sold 35072737 shares on Jul 25 ’24, at $7.5 each, totaling $263.05 million.
