NextDecade (NASDAQ:NEXT) Sets New 1-Year High – Still a Buy?

Shares of NextDecade Co. (NASDAQ:NEXT) reached a new 52-week high on Monday . The company traded as high as $9.49 and last traded at $9.48, with a volume of 624364 shares. The stock had previously closed at $9.03.

NextDecade Trading Up 4.9 %

The firm has a market cap of $2.47 billion, a P/E ratio of -8.46 and a beta of 1.18. The firm has a fifty day simple moving average of $8.02 and a 200-day simple moving average of $6.86. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($1.67). On average, equities research analysts expect that NextDecade Co. will post -0.61 earnings per share for the current year.

Institutional Investors Weigh In On NextDecade

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new position in NextDecade during the 3rd quarter valued at about $153,000. Charles Schwab Investment Management Inc. boosted its position in shares of NextDecade by 43.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock valued at $5,015,000 after buying an additional 321,603 shares during the last quarter. Algert Global LLC grew its holdings in NextDecade by 236.7% during the third quarter. Algert Global LLC now owns 386,142 shares of the company’s stock worth $1,819,000 after buying an additional 271,458 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in NextDecade by 74.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 59,674 shares of the company’s stock valued at $281,000 after acquiring an additional 25,380 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NextDecade by 16.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 144,778 shares of the company’s stock valued at $682,000 after acquiring an additional 19,939 shares in the last quarter. 66.74% of the stock is owned by institutional investors.

NextDecade Company Profile

NextDecade Corp. is a development company.