Shares of NextDecade Corporation (NASDAQ:NEXT - Get Free Report) dropped 6.5% on Wednesday . The stock traded as low as $8.72 and last traded at $8.60. Approximately 843,686 shares changed hands during trading, a decline of 56% from the average daily volume of 1,936,063 shares. The stock had previously closed at $9.20.
Wall Street Analyst Weigh In
NEXT has been the topic of several recent analyst reports. Cowen upgraded NextDecade from a "hold" rating to a "buy" rating in a report on Tuesday. TD Cowen raised NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a research note on Tuesday.
View Our Latest Stock Report on NEXT
NextDecade Trading Down 0.8%
The company has a market cap of $2.27 billion, a P/E ratio of -12.78 and a beta of 1.10. The business has a fifty day moving average price of $7.92 and a 200-day moving average price of $7.79. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64.
Institutional Investors Weigh In On NextDecade
Several institutional investors have recently made changes to their positions in NEXT. PNC Financial Services Group Inc. increased its holdings 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 worth $25,000 after buying an additional 1,886 shares in the last quarter. Comerica Bank increased its holdings in NextDecade by 88.0% in 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 grew its holdings in NextDecade by 350.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock worth $35,000 after acquiring an additional 3,485 shares during the period. GAMMA Investing LLC grew its holdings in NextDecade by 2,302.6% during the 1st quarter. GAMMA Investing LLC now owns 6,535 shares of the company's stock worth $51,000 after acquiring an additional 6,263 shares during the period. Finally, MAI Capital Management grew its holdings in NextDecade by 1,047.6% during the 1st quarter. MAI Capital Management now owns 7,230 shares of the company's stock worth $56,000 after acquiring an additional 6,600 shares during the period. 66.74% of the stock is currently owned by institutional investors.
NextDecade Company Profile
(
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NextDecade Corp. is a development company.
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