NextDecade Corporation (NASDAQ:NEXT) shares, rose in value, with the stock price up by 2.24% to the previous day’s close as strong demand from buyers drove the stock to $6.40.
Actively observing the price movement in the last trading, the stock closed the session at $6.26. Referring to stock’s 52-week performance, its high was $8.74, and the low was $4.01. On the whole, NEXT has fluctuated by 18.74% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NEXT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NEXT currently trading nearly 7.91% and 16.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.88, while the 7-day volatility ratio is showing 3.61% which for the 30-day chart, stands at 4.62%. Furthermore, NextDecade Corporation (NEXT)’s beta value is 1.30, and its average true range (ATR) is 0.26.
A comparison of NextDecade Corporation (NEXT) with its peers suggests the former has fared considerably weaker in the market. NEXT showed an intraday change of 2.24% in last session, and over the past year, it grew by 16.79%%.
Data on historical trading for NextDecade Corporation (NASDAQ:NEXT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.14 million. According to company’s latest data on outstanding shares, there are 254.30 million shares outstanding.
Nearly 37.57% of NextDecade Corporation’s shares belong to company insiders and institutional investors own 58.20% of the company’s shares. The stock has risen by 34.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NEXT stock heading into the next quarter.
