NextDecade Corporation (NASDAQ:NEXT - Get Free Report) hit a new 52-week high during trading on Saturday after Cowen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $10.79 and last traded at $10.77, with a volume of 9721965 shares traded. The stock had previously closed at $9.21.
Separately, TD Cowen upgraded shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a research report on Tuesday, June 24th.
Read Our Latest Research Report on NEXT
Hedge Funds Weigh In On NextDecade
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in shares of NextDecade by 137.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company's stock worth $25,000 after acquiring an additional 1,886 shares during the period. Comerica Bank lifted its holdings in shares of NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company's stock worth $32,000 after acquiring an additional 1,900 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of NextDecade by 350.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock valued at $35,000 after buying an additional 3,485 shares during the period. Farther Finance Advisors LLC increased its position in NextDecade by 21,395.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,729 shares of the company's stock valued at $42,000 after purchasing an additional 4,707 shares during the period. Finally, GAMMA Investing LLC increased its position in NextDecade by 2,302.6% during the 1st quarter. GAMMA Investing LLC now owns 6,535 shares of the company's stock valued at $51,000 after purchasing an additional 6,263 shares during the period. Institutional investors own 66.74% of the company's stock.
NextDecade Price Performance
The business has a fifty day simple moving average of $8.26 and a 200-day simple moving average of $7.97. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $2.94 billion, a P/E ratio of -16.57 and a beta of 1.08.
NextDecade Company Profile
(
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NextDecade Corp. is a development company.
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