NextDecade (NASDAQ:NEXT) Shares Down 6% – Time to Sell?

NextDecade Co. (NASDAQ:NEXT) shares dropped 6% during trading on Thursday . The company traded as low as $8.54 and last traded at $8.51. Approximately 939,315 shares traded hands during trading, a decline of 45% from the average daily volume of 1,719,004 shares. The stock had previously closed at $9.05.

NextDecade Trading Down 4.3 %

The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -7.19 and a beta of 1.18. The company’s 50 day simple moving average is $8.06 and its two-hundred day simple moving average is $6.98.

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

Institutional Investors Weigh In On NextDecade

Several large investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its stake in NextDecade by 350.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock valued at $35,000 after acquiring an additional 3,485 shares during the last quarter. Twin Securities Inc. bought a new position in shares of NextDecade during the 3rd quarter valued at $52,000. Mainstream Capital Management LLC acquired a new stake in shares of NextDecade in the 4th quarter valued at $56,000. Tower Research Capital LLC TRC increased its position in NextDecade by 201.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock worth $60,000 after buying an additional 5,212 shares during the last quarter. Finally, Briaud Financial Planning Inc raised its holdings in NextDecade by 29.2% during the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock valued at $71,000 after buying an additional 2,109 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.

NextDecade Company Profile

NextDecade Corp. is a development company.