NextDecade (NASDAQ:NEXT) Hits New 52-Week High – Time to Buy?

NextDecade Co. (NASDAQ:NEXT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.53 and last traded at $8.53, with a volume of 473363 shares changing hands. The stock had previously closed at $8.10.

NextDecade Stock Performance

The business has a fifty day moving average price of $7.26 and a 200-day moving average price of $6.37. The stock has a market capitalization of $2.25 billion, a P/E ratio of -7.73 and a beta of 1.29. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17.

Institutional Trading of NextDecade

A number of institutional investors have recently made changes to their positions in NEXT. Twin Securities Inc. bought a new position in NextDecade during the third quarter valued at approximately $52,000. Wealth Enhancement Advisory Services LLC purchased a new stake in NextDecade during the 3rd quarter valued at $77,000. Clear Harbor Asset Management LLC bought a new position in shares of NextDecade during the 3rd quarter valued at $99,000. Marshall Wace LLP boosted its stake in shares of 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 buying an additional 2,300 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of NextDecade in the third quarter worth $138,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.