NextDecade (NASDAQ:NEXT) Stock Price Down 7.3% – Time to Sell?

NextDecade Co. (NASDAQ:NEXT) traded down 7.3% on Thursday . The stock traded as low as $7.93 and last traded at $7.97. 1,742,088 shares traded hands during trading, a decline of 19% from the average session volume of 2,156,405 shares. The stock had previously closed at $8.60.

NextDecade Stock Down 8.2 %

The company has a market cap of $2.05 billion, a price-to-earnings ratio of -7.05 and a beta of 1.27. The business has a 50-day simple moving average of $7.66 and a two-hundred day simple moving average of $6.45. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17.

NextDecade (NASDAQ:NEXT) last announced its earnings results on Thursday, November 7th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $1.02. As a group, equities analysts forecast that NextDecade Co. will post -0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NextDecade

A number of hedge funds have recently bought and sold shares of NEXT. Hotchkis & Wiley Capital Management LLC lifted its position in shares of 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 purchasing an additional 2,286,050 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of NextDecade by 24.8% during the third quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock worth $14,260,000 after buying an additional 600,630 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of NextDecade by 43.3% in 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 acquiring an additional 321,603 shares during the period. Algert Global LLC grew its stake 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 during the last quarter. Finally, State Street Corp increased its position 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 acquiring an additional 155,309 shares during the period. 66.74% of the stock is currently owned by institutional investors.

About NextDecade

NextDecade Corp. is a development company.