NextDecade (NASDAQ:NEXT) Stock Price Down 7.3% – Should You Sell?

Shares of NextDecade Co. (NASDAQ:NEXT) were down 7.3% during trading on Thursday . The company traded as low as $7.93 and last traded at $7.97. Approximately 1,742,088 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 2,156,405 shares. The stock had previously closed at $8.60.

NextDecade Price Performance

The company has a fifty day moving average price of $7.66 and a two-hundred day moving average price of $6.45. 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 cap of $2.05 billion, a price-to-earnings ratio of -7.05 and a beta of 1.27.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $1.02. As a group, equities research analysts anticipate that NextDecade Co. will post -0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC grew its stake in shares of NextDecade by 97.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,623,370 shares of the company’s stock valued at $21,776,000 after purchasing an additional 2,286,050 shares during the period. Geode Capital Management LLC boosted its stake in NextDecade by 24.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock valued at $14,260,000 after buying an additional 600,630 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in NextDecade by 43.3% in 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 acquiring an additional 321,603 shares during the period. Algert Global LLC raised its stake 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 acquiring an additional 271,458 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of NextDecade by 7.1% during the third quarter. State Street Corp now owns 2,330,172 shares of the company’s stock valued at $10,975,000 after acquiring an additional 155,309 shares during the period. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Company Profile

NextDecade Corp. is a development company.