NextDecade (NASDAQ:NEXT) Stock Price Down 3.5% – Time to Sell?

NextDecade Co. (NASDAQ:NEXT) traded down 3.5% during trading on Friday . The stock traded as low as $7.51 and last traded at $7.43. 246,918 shares were traded during trading, a decline of 87% from the average session volume of 1,861,968 shares. The stock had previously closed at $7.70.

NextDecade Stock Performance

The firm has a market capitalization of $1.99 billion, a PE ratio of -6.81 and a beta of 1.05. 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 company’s fifty day simple moving average is $7.61 and its 200 day simple moving average is $7.54.

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

Institutional Investors Weigh In On NextDecade

Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of NextDecade by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,101,775 shares of the company’s stock worth $8,495,000 after buying an additional 36,959 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of NextDecade by 3.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company’s stock worth $28,916,000 after buying an additional 123,070 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of NextDecade in the fourth quarter worth about $537,000. Wolf Hill Capital Management LP lifted its holdings in shares of NextDecade by 330.1% in the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company’s stock worth $62,775,000 after buying an additional 6,248,757 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of NextDecade by 38.8% in the fourth quarter. Barclays PLC now owns 533,995 shares of the company’s stock worth $4,117,000 after buying an additional 149,159 shares in the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

NextDecade Company Profile

NextDecade Corp. is a development company.