NextDecade (NASDAQ:NEXT) Trading 8.5% Higher – Should You Buy?

Posted by Renee Jackson on Mar 20th, 2025

NextDecade Co. (NASDAQ:NEXT – Get Free Report)’s share price rose 8.5% during mid-day trading on Tuesday . The company traded as high as $8.04 and last traded at $7.87. Approximately 885,991 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 1,676,027 shares. The stock had previously closed at $7.25.

NextDecade Stock Performance

The stock’s 50-day moving average price is $7.98 and its 200-day moving average price is $6.79. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17. The company has a market capitalization of $2.33 billion, a P/E ratio of -7.99 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, equities analysts expect that NextDecade Co. will post -0.61 EPS for the current year.

Institutional Trading of NextDecade

Large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its holdings in shares of NextDecade by 350.6% in 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. Mainstream Capital Management LLC acquired a new stake in shares of NextDecade in the 4th quarter worth about $56,000. Tower Research Capital LLC TRC increased its holdings in shares of NextDecade by 201.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock worth $60,000 after acquiring an additional 5,212 shares during the period. Briaud Financial Planning Inc increased its holdings in shares of NextDecade by 29.2% in the 4th quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock worth $71,000 after acquiring an additional 2,109 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of NextDecade in the 4th quarter worth about $79,000. Institutional investors and hedge funds own 66.74% of the company’s stock.