NextDecade Corporation [NEXT] stock prices are up 2.96% to $8.01 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value.
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From an analyst’s perspective:
NextDecade Corporation [NASDAQ: NEXT] stock has seen the most recent analyst activity on June 06, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $9 from $7. Previously, Wolfe Research upgraded its rating to Outperform on August 16, 2023, and kept the price target unchanged to $8. On August 15, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $9 on the stock. Stifel upgraded its rating to a Hold and increased its price target to $6 on July 28, 2022. Stifel downgraded its rating to a Sell and raised its price target to $4 on April 26, 2022. Credit Suisse downgraded its rating to Neutral for this stock on April 01, 2022, and upped its price target to $7.50. In a note dated June 08, 2021, Evercore ISI upgraded an Outperform rating on this stock and boosted its target price from $3 to $9.
The stock price of NextDecade Corporation [NEXT] has been fluctuating between $4.01 and $8.74 over the past year. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. NextDecade Corporation [NASDAQ: NEXT] shares were valued at $8.01 at the most recent close of the market. An investor can expect a potential return of 62.3% based on the average NEXT price forecast.
Analyzing the NEXT fundamentals
Gross Profit Margin for this corporation currently stands at -3.34% with Operating Profit Margin at -146.89%, Pretax Profit Margin comes in at -8.26%, and Net Profit Margin reading is -117.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.29 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.61.
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 7.80 points at the first support level, and at 7.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.12, and for the 2nd resistance point, it is at 8.24.
Ratios To Look Out For
It’s worth pointing out that NextDecade Corporation [NASDAQ:NEXT]’s Current Ratio is 0.56. As well, the Quick Ratio is 0.56, while the Cash Ratio is 0.5.
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.
