Shares of NextDecade Corporation (NASDAQ:NEXT - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $8.23, but opened at $8.76. NextDecade shares last traded at $9.30, with a volume of 2,328,812 shares trading hands.
Wall Street Analysts Forecast Growth
NEXT has been the subject of a number of recent research reports. TD Cowen raised NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a report on Tuesday. Cowen upgraded NextDecade from a "hold" rating to a "buy" rating in a report on Tuesday.
Check Out Our Latest Stock Report on NextDecade
NextDecade Trading Down 1.1%
The firm has a 50 day moving average of $7.90 and a 200 day moving average of $7.77. The firm has a market cap of $2.26 billion, a PE ratio of -12.72 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64.
Hedge Funds Weigh In On NextDecade
Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its holdings in shares of NextDecade by 1.9% during the fourth quarter. Rhumbline Advisers now owns 147,900 shares of the company's stock worth $1,140,000 after purchasing an additional 2,722 shares in the last quarter. Bank of New York Mellon Corp raised its stake in NextDecade by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 325,367 shares of the company's stock valued at $2,509,000 after purchasing an additional 2,833 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in NextDecade during the fourth quarter valued at approximately $537,000. Steward Partners Investment Advisory LLC lifted its position in NextDecade by 350.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock valued at $35,000 after purchasing an additional 3,485 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in NextDecade by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,101,775 shares of the company's stock worth $8,495,000 after buying an additional 36,959 shares in the last quarter. 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.
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