NextDecade (NASDAQ:NEXT) Shares Up 8.5% – Here’s Why

NextDecade Co. (NASDAQ:NEXT)’s share price rose 8.5% on Tuesday . The stock traded as high as $8.04 and last traded at $7.87. Approximately 885,991 shares changed hands during trading, a decline of 47% from the average daily volume of 1,676,027 shares. The stock had previously closed at $7.25.

NextDecade Stock Performance

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. The stock has a fifty day moving average price of $7.94 and a two-hundred day moving average price of $6.74. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -6.94 and a beta of 1.18.

NextDecade (NASDAQ:NEXT) last released its earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). As a group, analysts forecast that NextDecade Co. will post -0.61 EPS for the current fiscal year.

Institutional Trading of NextDecade

Several hedge funds and other institutional investors have recently bought and sold shares of NEXT. Intech Investment Management LLC acquired a new stake in shares of NextDecade during the third quarter worth $153,000. Charles Schwab Investment Management Inc. lifted its position 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 worth $5,015,000 after buying an additional 321,603 shares during the period. Algert Global LLC boosted its stake in NextDecade by 236.7% in the 3rd quarter. Algert Global LLC now owns 386,142 shares of the company’s stock worth $1,819,000 after buying an additional 271,458 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in NextDecade by 74.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,674 shares of the company’s stock valued at $281,000 after buying an additional 25,380 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NextDecade by 16.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 144,778 shares of the company’s stock valued at $682,000 after acquiring an additional 19,939 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

About NextDecade

NextDecade Corp. is a development company.