Stock Traders Purchase High Volume of NextDecade Call Options (NASDAQ:NEXT)

Posted by Grant Hamersma on Mar 28th, 2025

NextDecade Co. (NASDAQ:NEXT – Get Free Report) saw unusually large options trading on Friday. Investors acquired 4,278 call options on the stock. This is an increase of approximately 27% compared to the average daily volume of 3,378 call options.

NextDecade Stock Performance

NASDAQ:NEXT traded down $0.20 on Friday, reaching $8.23. 735,626 shares of the company’s stock were exchanged, compared to its average volume of 1,755,173. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -7.34 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. The stock has a fifty day simple moving average of $8.08 and a 200-day simple moving average of $6.95. NextDecade has a 52 week low of $4.27 and a 52 week high of $9.71.

NextDecade (NASDAQ:NEXT – Get Free Report) last released 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). As a group, sell-side analysts predict that NextDecade will post -0.61 earnings per share for the current year.

Hedge Funds Weigh In On NextDecade

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