NextDecade Corporation (NASDAQ:NEXT - Get Free Report) shares traded up 7.5% during mid-day trading on Friday after Morgan Stanley raised their price target on the stock from $10.00 to $15.00. Morgan Stanley currently has an overweight rating on the stock. NextDecade traded as high as $9.85 and last traded at $9.90. 486,647 shares traded hands during trading, a decline of 75% from the average session volume of 1,925,417 shares. The stock had previously closed at $9.21.
Other equities research analysts have also recently issued reports about the stock. Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating in a research report on Tuesday, June 24th. TD Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price target for the company in a research report on Tuesday, June 24th.
View Our Latest Stock Analysis on NEXT
Institutional Investors Weigh In On NextDecade
Several hedge funds have recently modified their holdings of NEXT. PNC Financial Services Group Inc. raised its stake in shares of NextDecade by 137.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company's stock valued at $25,000 after purchasing an additional 1,886 shares during the period. Comerica Bank raised its stake in shares of NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company's stock valued at $32,000 after purchasing an additional 1,900 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of 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 period. GAMMA Investing LLC raised its stake in shares of NextDecade by 2,302.6% during the first 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. Finally, MAI Capital Management raised its stake in shares of NextDecade by 1,047.6% during the first quarter. MAI Capital Management now owns 7,230 shares of the company's stock valued at $56,000 after purchasing an additional 6,600 shares during the period. 66.74% of the stock is owned by institutional investors and hedge funds.
NextDecade Price Performance
The company has a market cap of $2.76 billion, a PE ratio of -15.49 and a beta of 1.08. The business's 50 day moving average price is $8.20 and its 200-day moving average price is $7.93. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64.
About NextDecade
(
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NextDecade Corp. is a development company.
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