NextDecade (NASDAQ:NEXT) Shares Gap Up – What’s Next?

NextDecade Co. (NASDAQ:NEXT)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $6.84, but opened at $7.37. NextDecade shares last traded at $7.36, with a volume of 591,641 shares changing hands.

NextDecade Stock Up 7.9 %

The company’s 50 day simple moving average is $7.67 and its 200-day simple moving average is $7.17. 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 firm has a market cap of $1.92 billion, a P/E ratio of -6.59 and a beta of 0.80.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing the consensus estimate of ($0.19) by ($1.67). Research analysts forecast that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wolf Hill Capital Management LP grew its holdings in NextDecade by 330.1% during the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company’s stock valued at $62,775,000 after purchasing an additional 6,248,757 shares during the period. Millennium Management LLC grew its stake in shares of NextDecade by 262.2% during the 4th quarter. Millennium Management LLC now owns 1,276,202 shares of the company’s stock valued at $9,840,000 after acquiring an additional 923,898 shares during the period. Geode Capital Management LLC increased its holdings in NextDecade by 24.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock worth $14,260,000 after acquiring an additional 600,630 shares in the last quarter. Moore Capital Management LP bought a new stake in shares of NextDecade during the 4th quarter valued at $2,815,000. Finally, Westwood Holdings Group Inc. lifted its stake in shares of 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 buying an additional 345,489 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.

NextDecade Company Profile

NextDecade Corp. is a development company.