NextDecade Corporation (NASDAQ:NEXT) finished Wednesday with an addition of $0.07 to close at $5.29, an upside of 1.34 percent. An average of 1,228,380 shares of common stock have been traded in the last five days. There was a fall of -$0.37 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,355,205 shares traded, while the 50-day average volume stands at 1,223,514.
NEXT stock has decreased by -13.42% in the last month. The company shares reached their 1-month lowest point of $5.22 on 09/27/23. With the stock rallying to its 52-week high on 07/07/23, shares of the company touched a low of $3.92 and a high of $8.74 in 52 weeks. It has reached a new high 24 times so far this year and achieved 7.09% or $0.35 in price. In spite of this, the price is down -39.46% from the 52-week high.
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Financial Health
The quick ratio of NextDecade Corporation for the recent quarter was 1.18, and the current ratio was 1.18, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $53.48 million compared to revenue of $1.12 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$127.04 million in the quarter, while revenues were grew 86.86%. Shareholders own equity worth $241.43 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at NextDecade Corporation (NEXT) price momentum. RSI 9-day as of the close on 27 September was 34.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.12%.
As of today, NEXT’s price is $5.34 -6.54% or -$0.37 from its 5-day moving average. NEXT is currently trading -13.56% lower than its 20-day SMA and -7.03% lower than its 100-day SMA. However, the stock’s current price level is -17.21% below the SMA50 and +14.25% above the SMA200.
The stochastic %K and %D were 9.87% and 8.42%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 7.53% and the average true range at 0.25, the RSI (14) stands at 36.91%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.27.
Analyst Ratings
Wolfe Research upgraded NextDecade Corporation (NASDAQ: NEXT) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform. The consensus rating for NextDecade Corporation (NEXT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NEXT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
