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NextDecade (NASDAQ:NEXT) Trading Down 10.1%

Defense World ·  Sep 18, 2022 03:41

NextDecade Co. (NASDAQ:NEXT – Get Rating) shares traded down 10.1% during mid-day trading on Friday . The company traded as low as $6.29 and last traded at $6.29. 1,542 shares were traded during mid-day trading, a decline of 100% from the average session volume of 579,635 shares. The stock had previously closed at $7.00.

Analysts Set New Price Targets

Separately, Stifel Nicolaus raised NextDecade from a "sell" rating to a "hold" rating and upped their target price for the stock from $4.50 to $6.00 in a report on Thursday, July 28th.

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NextDecade Stock Down 6.7 %

The company has a market cap of $840.35 million, a price-to-earnings ratio of -24.18 and a beta of 0.94. The firm has a 50 day moving average price of $6.90 and a two-hundred day moving average price of $6.11.

Institutional Investors Weigh In On NextDecade

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its position in shares of NextDecade by 1,195.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,732 shares of the company's stock valued at $34,000 after purchasing an additional 7,135 shares in the last quarter. Shay Capital LLC bought a new stake in shares of NextDecade during the 4th quarter valued at about $36,000. Arizona State Retirement System bought a new stake in shares of NextDecade during the 2nd quarter valued at about $45,000. Thompson Davis & CO. Inc. bought a new stake in shares of NextDecade during the 2nd quarter valued at about $62,000. Finally, American International Group Inc. bought a new stake in shares of NextDecade during the 2nd quarter valued at about $64,000. Institutional investors and hedge funds own 67.05% of the company's stock.

About NextDecade

(Get Rating)

NextDecade Corp. is a development company.

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