NextDecade Co. (NASDAQ:NEXT - Get Free Report) traded up 5% on Tuesday . The stock traded as high as $5.88 and last traded at $5.88. 377,277 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 1,080,066 shares. The stock had previously closed at $5.60.
NextDecade Price Performance
The company has a 50-day moving average price of $5.23 and a two-hundred day moving average price of $4.88. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $1.53 billion, a PE ratio of -7.77 and a beta of 1.32.
Institutional Investors Weigh In On NextDecade
Institutional investors and hedge funds have recently modified their holdings of the stock. Bridger Management LLC purchased a new position in NextDecade in the fourth quarter valued at about $324,000. Vanguard Group Inc. boosted its holdings in NextDecade by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 7,151,066 shares of the company's stock valued at $34,111,000 after purchasing an additional 498,686 shares during the last quarter. Mubadala Investment Co PJSC purchased a new position in NextDecade in the fourth quarter valued at about $67,764,000. American International Group Inc. boosted its holdings in NextDecade by 153.8% in the fourth quarter. American International Group Inc. now owns 38,826 shares of the company's stock valued at $185,000 after purchasing an additional 23,528 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in NextDecade in the fourth quarter valued at about $112,000. Hedge funds and other institutional investors own 66.74% of the company's stock.
About NextDecade
(
Get Free Report)
NextDecade Corp. is a development company.
Featured Articles
Before you consider NextDecade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NextDecade wasn't on the list.
While NextDecade currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
