NextDecade (NASDAQ:NEXT) Shares Down 2.9% – Here’s What Happened

Posted by Defense World Staff on Nov 3rd, 2024

NextDecade Co. (NASDAQ:NEXT – Get Free Report)’s stock price dropped 2.9% during mid-day trading on Friday . The company traded as low as $5.67 and last traded at $5.67. Approximately 163,653 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 1,505,701 shares. The stock had previously closed at $5.84.

NextDecade Trading Down 7.7 %

The business’s 50 day moving average is $5.07 and its 200-day moving average is $6.35. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 2.22.

NextDecade (NASDAQ:NEXT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.28). Research analysts forecast that NextDecade Co. will post -1.01 EPS for the current year.

Hedge Funds Weigh In On NextDecade

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEXT. Marshall Wace LLP lifted its position in shares of NextDecade by 21.9% during the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after purchasing an additional 2,300 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of NextDecade by 12.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock worth $128,000 after purchasing an additional 2,458 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of NextDecade by 49.0% during the second quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock worth $124,000 after purchasing an additional 5,133 shares in the last quarter. Swiss National Bank lifted its position in shares of NextDecade by 6.4% during the first quarter. Swiss National Bank now owns 177,200 shares of the company’s stock worth $1,006,000 after purchasing an additional 10,700 shares in the last quarter. Finally, Banque Pictet & Cie SA acquired a new position in shares of NextDecade during the second quarter worth approximately $108,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.