NextDecade (NASDAQ:NEXT) Trading Up 6.4% – Here’s What Happened

NextDecade Co. (NASDAQ:NEXT)’s share price traded up 6.4% during mid-day trading on Monday . The stock traded as high as $6.39 and last traded at $6.04. 963,146 shares changed hands during trading, a decline of 46% from the average session volume of 1,793,428 shares. The stock had previously closed at $5.68.

NextDecade Trading Up 5.3 %

The business’s 50 day simple moving average is $7.87 and its 200 day simple moving average is $7.10. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -5.34 and a beta of 0.80.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($1.67). Research analysts anticipate that NextDecade Co. will post -0.61 EPS for the current year.

Institutional Investors Weigh In On NextDecade

Large investors have recently modified their holdings of the stock. Bardin Hill Management Partners LP increased its stake in NextDecade by 3.9% in the 4th quarter. Bardin Hill Management Partners LP now owns 8,917,873 shares of the company’s stock valued at $68,757,000 after buying an additional 334,012 shares during the period. Wolf Hill Capital Management LP boosted its holdings in shares of NextDecade by 330.1% in the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company’s stock valued at $62,775,000 after acquiring an additional 6,248,757 shares in the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of NextDecade by 3.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company’s stock valued at $28,916,000 after acquiring an additional 123,070 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of NextDecade by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 3,075,331 shares of the company’s stock worth $23,717,000 after acquiring an additional 48,401 shares during the period. Finally, State Street Corp raised its holdings in NextDecade by 7.1% during the third quarter. State Street Corp now owns 2,330,172 shares of the company’s stock worth $10,975,000 after purchasing an additional 155,309 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.

NextDecade Company Profile

NextDecade Corp. is a development company.