In Friday’s Wall Street session, NextDecade Corporation (NASDAQ:NEXT) shares traded at $10.77, up 16.94% from the previous session.
NEXT stock price is now 31.11% away from the 50-day moving average and 45.78% away from the 200-day moving average. The market capitalization of the company currently stands at $2.81B.
With the price target maintained at $11, TD Cowen recently Upgraded its rating from Hold to Buy for NextDecade Corporation (NASDAQ: NEXT). On June 06, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $7 to quote $9, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, HGC Next Inv LLC, 10% Owner bought 11,690,909 shares of the company’s stock on Jul 29 ’24. The stock was bought for $87,681,818 at an average price of $7.50. Upon completion of the transaction, the 10% Owner now directly owns 17,536,369 shares in the company, valued at $188.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 25 ’24, Director York Capital Management Global sold 35,072,737 shares of the business’s stock. A total of $263,045,528 was realized by selling the stock at an average price of $7.50. This leaves the insider owning 4,264,298 shares of the company worth $45.93 million. A total of 36.74% of the company’s stock is owned by insiders.
During the past 12 months, NextDecade Corporation has had a low of $4.27 and a high of $9.71. As of last week, the company has a debt-to-equity ratio of 15.52, a current ratio of 0.85, and a quick ratio of 0.85.
