The stock of NextDecade Corporation (NASDAQ:NEXT) increased by $0.07 on Tuesday to finish at $5.59, up 1.27 percent. The last five days have seen an average of 2,139,860 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $0.65. The average number of shares traded over the last 20 days was 1,283,390, while the average volume over the last 50 days totaled 1,537,318.
NEXT stock dropped -6.99% since last month. On 09/18/23, the company’s shares reached a one-month low of $5.40. The stock touched a high of $8.74 on 07/07/23, after rallying from a low of $3.92 in 52 weeks. The price of NEXT stock has risen by 13.16% or $0.65 this year, reaching a new high 24 times. Still, the stock price is down -36.03% from the 52-week high.
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Financial Health
Based on annual data, it had gross profit of $53.48 million and revenue of $1.12 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NEXT’s return on assets (ROA) during the last 12 months has been -64.40%. In the meantime, the return on equity (ROE) for the last 12 months was -504.10%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. EBITDA was -$27.27 million for the quarter. At the end of NextDecade Corporation’s most recent quarter, its liabilities totaled 156.6 million, while its total debt was $0.96 million. Equity owned by shareholders amounts to $241.43 million.
Technical Picture
Here’s a quick look at NextDecade Corporation’s (NEXT) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 36.73%, suggesting the stock is Neutral, with a 31.81% historical volatility rate.
The stochastic %K and %D were 19.21% and 17.75% respectively, while the average true range (ATR) was 0.27. Based on the 14-day stochastic reading of 20.65%, the RSI (14) reading is 40.05%. On the 9-day MACD Oscillator, the stock is at -0.13, and the 14-day reading is at -0.23.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on NextDecade Corporation (NASDAQ: NEXT) to an Outperform. Prior to this, analysts firm rated the stock as a Peer perform. Analysts have assigned NextDecade Corporation (NEXT) an Buy rating. NEXT is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is NEXT’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.00 and $12.00, with a median target price of $9.00. In analyzing these forecasts, the average price target given by analysts for NextDecade Corporation (NEXT) is $9.17.
