NextDecade (NASDAQ:NEXT) Shares Gap Up to $6.23

Posted by ABMN Staff on Apr 14th, 2024

NextDecade Co. (NASDAQ:NEXT – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $6.23, but opened at $6.55. NextDecade shares last traded at $6.49, with a volume of 322,258 shares.

NextDecade Stock Performance

The company has a market cap of $1.60 billion, a PE ratio of -8.08 and a beta of 1.32. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.57 and a quick ratio of 0.57. The business has a fifty day simple moving average of $5.30 and a two-hundred day simple moving average of $4.90.

Institutional Trading of NextDecade

Several hedge funds have recently modified their holdings of the company. Citigroup Inc. boosted its stake in NextDecade by 318.0% in the first quarter. Citigroup Inc. now owns 220,718 shares of the company’s stock valued at $1,461,000 after acquiring an additional 167,919 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NextDecade by 26.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 140,975 shares of the company’s stock worth $931,000 after purchasing an additional 29,798 shares in the last quarter. Vanguard Group Inc. grew its stake in NextDecade by 7.4% during the 1st quarter. Vanguard Group Inc. now owns 1,923,087 shares of the company’s stock worth $12,731,000 after buying an additional 132,197 shares during the last quarter. Beaconlight Capital LLC acquired a new position in NextDecade during the 1st quarter valued at about $285,000. Finally, State Street Corp boosted its holdings in NextDecade by 15.9% in the first quarter. State Street Corp now owns 91,671 shares of the company’s stock worth $607,000 after acquiring an additional 12,566 shares in the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.