NextDecade Corporation [NEXT] stock is trading at $6.22, down -0.16%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NEXT shares have gain 12.48% over the last week, with a monthly amount glided 20.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NextDecade Corporation [NASDAQ: NEXT] stock has seen the most recent analyst activity on August 16, 2023, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $8 for it. Previously, Stifel upgraded its rating to Buy on August 15, 2023, and elevated its price target to $9. On July 28, 2022, upgrade upgraded it’s rating to Hold and revised its price target to $6 on the stock. Stifel downgraded its rating to a Sell and increased its price target to $4 on April 26, 2022. Credit Suisse downgraded its rating to a Neutral and raised its price target to $7.50 on April 01, 2022. Evercore ISI upgraded its rating to Outperform for this stock on June 08, 2021, and upped its price target to $9. In a note dated June 07, 2021, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $2 to $6.
NextDecade Corporation [NEXT] stock has fluctuated between $4.01 and $8.74 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. NextDecade Corporation [NASDAQ: NEXT] shares were valued at $6.22 at the most recent close of the market. An investor can expect a potential return of 44.69% based on the average NEXT price forecast.
Analyzing the NEXT fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.53 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.99 points at the first support level, and at 5.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.57, and for the 2nd resistance point, it is at 6.93.
Ratios To Look Out For
For context, NextDecade Corporation’s Current Ratio is 0.57. Further, the Quick Ratio stands at 0.57, while the Cash Ratio is 0.53.
Transactions by insiders
Recent insider trading involved Bardin Hill Investment Partner, Director, that happened on Sep 29 ’23 when 0.47 million shares were sold. Director, Bardin Hill Investment Partner completed a deal on Sep 29 ’23 to sell 0.47 million shares. Meanwhile, Director Bardin Hill Investment Partner sold 0.4 million shares on Sep 28 ’23.
