NextDecade (NASDAQ:NEXT) Sets New 52-Week High – Time to Buy?

Posted by Defense World Staff on Jul 20th, 2025

NextDecade Corporation (NASDAQ:NEXT – Get Free Report) hit a new 52-week high on Friday . The company traded as high as $11.64 and last traded at $11.54, with a volume of 2887060 shares trading hands. The stock had previously closed at $11.44.

Analysts Set New Price Targets

NEXT has been the topic of a number of recent research reports. TD Cowen upgraded shares of NextDecade from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, June 24th. Morgan Stanley reiterated an “overweight” rating and issued a $15.00 target price (up from $10.00) on shares of NextDecade in a research note on Friday, July 11th. Finally, Cowen upgraded NextDecade from a “hold” rating to a “buy” rating in a research note on Tuesday, June 24th.

Get Our Latest Stock Analysis on NEXT

NextDecade Trading Up 4.0%

The firm has a market cap of $3.13 billion, a PE ratio of -17.65 and a beta of 1.08. The business has a 50-day moving average price of $8.67 and a two-hundred day moving average price of $8.11. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.85 and a quick ratio of 0.85.

Institutional Trading of NextDecade

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wolf Hill Capital Management LP increased its stake in NextDecade by 330.1% during the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company’s stock worth $62,775,000 after acquiring an additional 6,248,757 shares during the last quarter. Nuveen LLC purchased a new stake in NextDecade during the first quarter worth approximately $8,147,000. Brightline Capital Management LLC purchased a new stake in NextDecade during the first quarter worth approximately $7,780,000. Millennium Management LLC raised its stake in shares of NextDecade by 262.2% in the 4th quarter. Millennium Management LLC now owns 1,276,202 shares of the company’s stock valued at $9,840,000 after acquiring an additional 923,898 shares during the period. Finally, Riposte Capital LLC purchased a new position in shares of NextDecade in the 1st quarter valued at $6,613,000. 66.74% of the stock is owned by hedge funds and other institutional investors.