NextDecade (NASDAQ:NEXT) Stock Price Down 2.2% – Time to Sell?

NextDecade Co. (NASDAQ:NEXT)’s stock price fell 2.2% during trading on Wednesday . The stock traded as low as $7.00 and last traded at $7.02. 186,568 shares traded hands during trading, a decline of 88% from the average session volume of 1,596,860 shares. The stock had previously closed at $7.18.

NextDecade Price Performance

The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -6.42 and a beta of 1.25. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17. The business has a 50-day moving average price of $5.93 and a two-hundred day moving average price of $6.44.

Institutional Investors Weigh In On NextDecade

Large investors have recently added to or reduced their stakes in the stock. Twin Securities Inc. acquired a new position in shares of NextDecade during the third quarter valued at $52,000. Marshall Wace LLP grew its position in NextDecade by 21.9% in the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after purchasing an additional 2,300 shares during the last quarter. Banque Pictet & Cie SA acquired a new stake in shares of NextDecade in the second quarter valued at approximately $108,000. nVerses Capital LLC bought a new stake in shares of NextDecade during the second quarter valued at approximately $122,000. Finally, Principal Financial Group Inc. boosted its position in shares of NextDecade by 49.0% during the second quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock worth $124,000 after buying an additional 5,133 shares during the period. 66.74% of the stock is owned by institutional investors and hedge funds.

NextDecade Company Profile

NextDecade Corp. is a development company.