At the time of writing, NextDecade Corporation [NEXT] stock is trading at $5.01, up 2.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The NEXT shares have gain 6.37% over the last week, with a monthly amount drifted -35.52%, and not 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 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.
For the past year, the stock price of NextDecade Corporation fluctuated between $4.01 and $8.52. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. NextDecade Corporation [NASDAQ: NEXT] shares were valued at $5.01 at the most recent close of the market. An investor can expect a potential return of 159.48% based on the average NEXT price forecast.
Analyzing the NEXT fundamentals
Gross Profit Margin for this corporation currently stands at -5.35% with Operating Profit Margin at -160.04%, Pretax Profit Margin comes in at 126.46%, and Net Profit Margin reading is -20.72%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.04 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.48.
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 4.89 points at the first support level, and at 4.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.10, and for the 2nd resistance point, it is at 5.20.
Ratios To Look Out For
It is important to note that NextDecade Corporation [NASDAQ:NEXT] has a current ratio of 0.45. On the other hand, the Quick Ratio is 0.45, and the Cash Ratio is 0.41.
Transactions by insiders
Recent insider trading involved HGC Next Inv LLC, 10% Owner, that happened on Jul 29 ’24 when 11.69 million shares were purchased. Director, York Capital Management Global completed a deal on Jul 25 ’24 to sell 35.07 million shares. Meanwhile, Director Bardin Hill Investment Partner sold 0.47 million shares on Sep 29 ’23.
