NextDecade (NASDAQ:NEXT) Shares Up 6.4% – Still a Buy?

NextDecade Co. (NASDAQ:NEXT) shares traded up 6.4% during trading on Monday . The stock traded as high as $6.39 and last traded at $6.04. 963,146 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,793,428 shares. The stock had previously closed at $5.68.

NextDecade Stock Performance

The stock has a 50 day moving average of $7.87 and a two-hundred day moving average of $7.10. The stock has a market capitalization of $1.56 billion, a PE ratio of -5.34 and a beta of 0.80. 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) last released its earnings results on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). Research analysts expect that NextDecade Co. will post -0.61 EPS for the current fiscal year.

Institutional Trading of NextDecade

A number of institutional investors have recently added to or reduced their stakes in NEXT. Geode Capital Management LLC increased its holdings in NextDecade by 24.8% in 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. State Street Corp increased its stake in NextDecade by 7.1% in the 3rd quarter. State Street Corp now owns 2,330,172 shares of the company’s stock valued at $10,975,000 after purchasing an additional 155,309 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in NextDecade by 43.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock valued at $5,015,000 after purchasing an additional 321,603 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in NextDecade by 3.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company’s stock worth $28,916,000 after purchasing an additional 123,070 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in NextDecade during the fourth quarter worth $537,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.