What Next for NextDecade Corporation (NEXT) Stock After Touching 52 Week Low?

March 14, 2018 - By Winifred Garcia

The stock of NextDecade Corporation (NASDAQ:NEXT) hit a new 52-week low and has $4.17 target or 4.00 % below today’s $4.34 share price. The 7 months bearish chart indicates high risk for the $470.97 million company. The 1-year low was reported on Mar, 14 by Barchart.com. If the $4.17 price target is reached, the company will be worth $18.84 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.77% or $0.17 during the last trading session, reaching $4.34. About 56,659 shares traded or 4.06% up from the average. NextDecade Corporation (NASDAQ:NEXT) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

More news for NextDecade Corporation (NASDAQ:NEXT) were recently published by: Seekingalpha.com, which released: “Frontier Communications: Potential For No Shareholder Returns For The Next Decade” on March 07, 2018. Marketwatch.com‘s article titled: “NextDecade Corp.” and published on July 19, 2017 is yet another important article.

NextDecade Corporation operates as a development and management firm of land and floating LNG projects. The company has market cap of $470.97 million. The companyÂ’s focus is on a land project on the United States Gulf Coast called Rio Grande LNG in Brownsville, Texas. It currently has negative earnings. It provides various services to its customers, including supply and trade of LNG volumes; creation of new natural gas infrastructure, including pipeline and natural gas liquefaction facilities; and treatment and processing of natural gas into LNG, as well as technical engineering and design services related to the development and execution of natural gas infrastructure, transporting, shipping, and storage of LNG.

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