NextDecade Co. (NASDAQ:NEXT – Get Rating) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,920,000 shares, a growth of 18.5% from the March 31st total of 1,620,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.6% of the company’s shares are short sold.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded NextDecade from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Friday, April 29th. Morgan Stanley decreased their price target on NextDecade from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Wednesday, February 16th. Stifel Nicolaus lowered NextDecade from a “hold” rating to a “sell” rating and increased their price target for the company from $2.00 to $4.00 in a report on Tuesday, April 26th. Finally, Credit Suisse Group lowered NextDecade from an “outperform” rating to a “neutral” rating and increased their price target for the company from $3.00 to $7.50 in a report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, NextDecade presently has an average rating of “Hold” and a consensus price target of $6.40.
NEXT stock opened at $6.31 on Wednesday. The business’s fifty day simple moving average is $5.15 and its two-hundred day simple moving average is $3.74. NextDecade has a twelve month low of $1.84 and a twelve month high of $7.81. The firm has a market cap of $778.38 million, a price-to-earnings ratio of -23.37 and a beta of 0.45.
NextDecade Company Profile (Get Rating)
NextDecade Corp. is a development company.
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