NextDecade Corporation (NEXT) Reports -22.18% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

NextDecade Corporation (NASDAQ:NEXT) does about 1.17M shares in volume on a normal day but saw 2821748 shares change hands in Friday’s trading. The company now has a market cap of 1.75B USD. Its current market price is $6.80, marking a decrease of -0.58% compared to the previous close of $6.84. The 52 week high reached by this stock is $8.74 whilst the lowest price level in 52 weeks is $4.01.

NextDecade Corporation (NEXT) has a 20-day trading average at $6.38 and the current price is -22.18% off the 52-week high compared with 69.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.82 and its 200-day simple moving average is $5.23. If we look at the stock’s price movements over the week, volatility stands at 4.82%, which decreases to 4.52% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 69.13 to suggest the stock is neutral.

The consensus objective for the share price is $8.50, suggesting that the stock has a potential upside of 20.0% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 16, 2023 when Wolfe Research upgraded the stock to “Outperform” and issued a price target of $8. Stifel also upgraded the stock to “Buy” from Hold on August 15, 2023 at a price target of $7.50-$9. Stifel upgraded its price target at $4.50-$6.

NextDecade Corporation (NEXT) stock is up 5.02% over the week and 9.15% over the past month. Its price is 42.56% year-to-date and 11.11% over the past year.

To reach the target analysts have set, the stock logically needs to grow 20.0 percent from here.

The company has a return on investment of -3.93% and return on equity of -27.11%. The beta has a value of 1.30. Price to book ratio is 3.34.