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Sunday, December 3, 2023

This Is Too Hot For NextDecade Corporation (NASDAQ: NEXT), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for NextDecade Corporation (NEXT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.83%, to $4.85. The NextDecade Corporation has recorded 7,561 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that NextDecade Provides Third Quarter 2023 Business Update.

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Stocks Info

As a NASDAQ listed company, NEXT falls under the Energy sector while operating within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $4.81 and fluctuated between $4.9350 as its day high and $4.5000 as its day low. The current market capitalization of NextDecade Corporation is $1.16B. A total of 1.21 million shares were traded on the day, compared to an average of 1.12M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NEXT has seen 9 BUY and 14 SELL insider trades, representing the acquisition of 15,871,657 and the disposition of 11,822,497 shares. Over the last 12 months, there were 27 BUYs and 32 SELLs from insiders. Insiders purchased 35,797,146 shares during that period but sold 12,699,612.

In the most recent transaction, Bardin Hill Investment Partner sold 471,519 shares of NEXT for 5.13 per share on Sep 29. After the transaction, the Director now owns 11,208,389 company shares. In a previous transaction on Sep 29, Bardin Hill Investment Partner sold 471,519 shares at 5.13 per share. NEXT shares that Director owns now total 11,208,389.

Among the insiders who sold shares, Bardin Hill Investment Partner disposed of 400,000 shares on Sep 28 at a per-share price of $5.21. This resulted in the Director holding 11,679,908 shares of NEXT after the transaction. In another insider transaction, Bardin Hill Investment Partner sold 400,000 shares at $5.21 per share on Sep 28. Company shares held by the Director now total 11,679,908.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NEXT in the last 3 months, the mean price target is $8.50 with high estimates of $10.00 and low estimates of $7.00. In terms of 52-week highs and lows, NEXT has a high of $8.74 and a low of $3.92.

As of this writing, NEXT has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.24. The company reported an EPS of -$0.23 in the last quarter, which was -9.50% lower than expectations of -$0.21.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. NEXT’s latest balance sheet shows that the firm has $25.55M in Cash & Short Term Investments as of fiscal 2021. There were $596.00k in debt and $8.23M in liabilities at the time. Its Book Value Per Share was $1.88, while its Total Shareholder’s Equity was $188.29M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NEXT is Buy with a score of 4.25.

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