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

Posted by Adam Masters on Jan 22nd, 2025

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

NextDecade Stock Performance

The company has a fifty day moving average price of $7.42 and a two-hundred day moving average price of $6.39. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -8.08 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49.

NextDecade (NASDAQ:NEXT – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $1.02. As a group, equities research analysts expect that NextDecade Co. will post -0.59 EPS for the current year.

Institutional Investors Weigh In On NextDecade

A number of institutional investors and hedge funds have recently modified their holdings of NEXT. Encompass Capital Advisors LLC acquired a new stake in shares of NextDecade during the second quarter worth $23,231,000. Hotchkis & Wiley Capital Management LLC raised its holdings in NextDecade by 97.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,623,370 shares of the company’s stock worth $21,776,000 after buying an additional 2,286,050 shares during the period. Geode Capital Management LLC lifted its stake in NextDecade by 24.8% during the third quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock valued at $14,260,000 after buying an additional 600,630 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NextDecade by 43.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock valued at $5,015,000 after buying an additional 321,603 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of NextDecade by 236.7% in the third quarter. Algert Global LLC now owns 386,142 shares of the company’s stock worth $1,819,000 after acquiring an additional 271,458 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.