NextDecade (NASDAQ:NEXT) Trading Down 5.1% – Should You Sell?

Posted by Brenda Bartman on Mar 22nd, 2025

Shares of NextDecade Co. (NASDAQ:NEXT – Get Free Report) dropped 5.1% during trading on Thursday . The company traded as low as $8.64 and last traded at $8.60. Approximately 1,045,750 shares were traded during trading, a decline of 38% from the average daily volume of 1,693,519 shares. The stock had previously closed at $9.07.

NextDecade Stock Up 3.2 %

The business’s 50 day simple moving average is $8.02 and its 200 day simple moving average is $6.83. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. The company has a market capitalization of $2.35 billion, a PE ratio of -8.06 and a beta of 1.18.

NextDecade (NASDAQ:NEXT – Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). As a group, analysts forecast that NextDecade Co. will post -0.61 EPS for the current year.

Hedge Funds Weigh In On NextDecade

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its holdings in NextDecade by 50.8% during the fourth quarter. California State Teachers Retirement System now owns 131,544 shares of the company’s stock valued at $1,014,000 after purchasing an additional 44,338 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NextDecade by 68.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,366 shares of the company’s stock valued at $1,876,000 after purchasing an additional 98,588 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in NextDecade by 47.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,075,532 shares of the company’s stock valued at $8,292,000 after purchasing an additional 345,489 shares during the last quarter. Squarepoint Ops LLC raised its stake in NextDecade by 718.3% during the 4th quarter. Squarepoint Ops LLC now owns 185,144 shares of the company’s stock valued at $1,427,000 after purchasing an additional 162,519 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in NextDecade by 16.3% during the 4th quarter. Two Sigma Investments LP now owns 32,861 shares of the company’s stock valued at $253,000 after purchasing an additional 4,605 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.