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A Tale of Resilience: NextDecade Corporation Amid Stock Market Turbulence

NextDecade Corporation’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $8.74 on 07/07/23, and the lowest price during that time was $3.92, recorded on 03/24/23.

52-week price history of NEXT Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. NextDecade Corporation’s current trading price is -39.23% away from its 52-week high, while its distance from the 52-week low is 35.29%. The stock’s price range during this period has fluctuated between $3.92 and $8.74. Shares of the company, which operates in the Energy sector, recorded a trading volume of around 1.67 million for the day, which was evidently higher than the average daily volume of 1.2 million over the last three months.

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Financial Performance and Market Capitalization

NextDecade Corporation (NEXT) has experienced a quarterly rise of 14.44% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.36B and boasts a workforce of 147 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 4.79, with a change in price of +0.68. Similarly, NextDecade Corporation recorded 1,119,849 in trading volume during the last 100 days, posting a change of +14.69%.

NEXT Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NEXT stands at 6.83. Similarly, the long-term debt-to-equity ratio is also 6.82.

NEXT Stock Stochastic Average

The raw stochastic average for NextDecade Corporation over the last 50 days is presently at 85.43%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 81.35%. Further, the company’s Stochastic %K and %D values for the last 20 days were 69.60% and 64.77%, respectively.

NEXT Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 11.32%. However, over the past six months, we’ve seen a stronger performance of -7.49%. The price of NEXT fallen by 7.71% over the last 30 days. And in the last five days, it has surged by 1.92%.

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