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

Posted by Hanz Christensen on Mar 20th, 2025

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

NextDecade Stock Down 1.3 %

The firm’s 50-day moving average price is $7.98 and its 200-day moving average price is $6.79. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -7.99 and a beta of 1.18. 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 – Get Free Report) last released its quarterly earnings data 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). Sell-side analysts forecast that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in NextDecade by 24.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock valued at $14,260,000 after acquiring an additional 600,630 shares during the last quarter. State Street Corp boosted its stake in NextDecade by 7.1% during the 3rd 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 last quarter. Charles Schwab Investment Management Inc. boosted its stake in NextDecade by 43.3% during the 3rd 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 last quarter. Catalyst Capital Advisors LLC boosted its stake in NextDecade by 3.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company’s stock valued at $28,916,000 after acquiring an additional 123,070 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in NextDecade during the 4th quarter valued at $537,000. 66.74% of the stock is currently owned by hedge funds and other institutional investors.