While NextDecade Corporation has underperformed by -5.68%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NEXT rose by 39.29%, with highs and lows ranging from $8.52 to $4.26, whereas the simple moving average fell by -0.33% in the last 200 days.
On June 06, 2024, TD Cowen Reiterated NextDecade Corporation (NASDAQ: NEXT) to Buy. A report published by Wolfe Research on August 16, 2023, Upgraded its rating to ‘Outperform’ for NEXT. Stifel also Upgraded NEXT shares as ‘Buy’, setting a target price of $9 on the company’s shares in a report dated August 15, 2023. Stifel July 28, 2022d the rating to Hold on July 28, 2022, and set its price target from $4.50 to $6. Stifel April 26, 2022d its ‘Hold’ rating to ‘Sell’ for NEXT, as published in its report on April 26, 2022. Credit Suisse’s report from April 01, 2022 suggests a price prediction of $7.50 for NEXT shares, giving the stock a ‘Neutral’ rating. Evercore ISI also rated the stock as ‘Outperform’.
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Analysis of NextDecade Corporation (NEXT)
NextDecade Corporation’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -44.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.49, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and NEXT has an average volume of 1.69M. On a monthly basis, the volatility of the stock is set at 4.36%, whereas on a weekly basis, it is put at 4.88%, with a loss of -6.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.25, showing growth from the present price of $6.31, which can serve as yet another indication of whether NEXT is worth investing in or should be passed over.
How Do You Analyze NextDecade Corporation Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 36.68%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 46.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NEXT shares are owned by institutional investors to the tune of 46.93% at present.
