NextDecade (NASDAQ:NEXT) Reaches New 1-Year High – Should You Buy?

NextDecade Co. (NASDAQ:NEXT) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.47 and last traded at $9.05, with a volume of 2036463 shares. The stock had previously closed at $9.10.

NextDecade Trading Down 2.1 %

The firm has a 50 day simple moving average of $7.47 and a 200 day simple moving average of $6.42. The firm has a market cap of $2.21 billion, a P/E ratio of -7.58 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of ($0.22) by $1.02. On average, equities research analysts predict that NextDecade Co. will post -0.59 EPS for the current fiscal year.

Institutional Trading of NextDecade

A number of large investors have recently modified their holdings of NEXT. American Century Companies Inc. bought a new stake in NextDecade during the second quarter valued at approximately $157,000. Marshall Wace LLP lifted its stake in NextDecade by 21.9% in the second 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. Encompass Capital Advisors LLC purchased a new position in shares of NextDecade in the second quarter worth about $23,231,000. The Manufacturers Life Insurance Company lifted its stake in shares of NextDecade by 23.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the company’s stock valued at $594,000 after acquiring an additional 14,451 shares during the last quarter. Finally, Algert Global LLC bought a new position in NextDecade during the 2nd quarter worth approximately $911,000. Institutional investors own 66.74% of the company’s stock.

NextDecade Company Profile

NextDecade Corp. is a development company.