Nextdecade Corp Stock Probability of Future Stock Price Finishing Over 14.53
| NEXT Stock | USD 7.98 0.03 0.37% |
Closest to current price Nextdecade long CALL Option Payoff at Expiration
Nextdecade |
Nextdecade Corp Target Price Odds to finish over 14.53
The tendency of Nextdecade Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 14.53 or more in 90 days |
| 7.98 | 90 days | 14.53 | close to zero percent |
Based on a normal probability distribution, the odds of Nextdecade Corp to move over $ 14.53 or more in 90 days from now is close to zero percent (This Nextdecade Corp probability density function shows the probability of Nextdecade Stock to fall within a particular range of prices over 90 days) . Probability of Nextdecade Corp price to stay between its current price of $ 7.98 and $ 14.53 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Nextdecade Corp has a beta of -0.36. This indicates as returns on the benchmark increase, returns on holding Nextdecade Corp are expected to decrease at a much lower rate. During a bear market, however, Nextdecade Corp is likely to outperform the market. Additionally Nextdecade Corp has an alpha of 0.5761, implying that it can generate a 0.58 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Nextdecade Corp Price Density |
| Price |
Predictive Modules for Nextdecade Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nextdecade Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nextdecade Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nextdecade Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nextdecade Corp is not an exception. The market had few large corrections towards the Nextdecade Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nextdecade Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nextdecade Corp within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.58 | |
β | Beta against NYSE Composite | -0.36 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | 0.16 |
Nextdecade Corp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nextdecade Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nextdecade Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nextdecade Corp appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (162.26 M) with loss before overhead, payroll, taxes, and interest of (1.61 M). | |
| Nextdecade Corp currently holds about 40.5 M in cash with (73.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31. | |
| Roughly 67.0% of the company shares are owned by institutional investors | |
| Latest headline from investorplace.com: NEXT Stock Earnings NextDecade Reported Results for Q1 2024 |
Nextdecade Corp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nextdecade Stock often depends not only on the future outlook of the current and potential Nextdecade Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nextdecade Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 194.6 M | |
| Cash And Short Term Investments | 294.5 M |
Nextdecade Corp Technical Analysis
Nextdecade Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Nextdecade Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nextdecade Corp. In general, you should focus on analyzing Nextdecade Stock price patterns and their correlations with different microeconomic environments and drivers.
Nextdecade Corp Predictive Forecast Models
Nextdecade Corp's time-series forecasting models is one of many Nextdecade Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nextdecade Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nextdecade Corp
Checking the ongoing alerts about Nextdecade Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nextdecade Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nextdecade Corp appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (162.26 M) with loss before overhead, payroll, taxes, and interest of (1.61 M). | |
| Nextdecade Corp currently holds about 40.5 M in cash with (73.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31. | |
| Roughly 67.0% of the company shares are owned by institutional investors | |
| Latest headline from investorplace.com: NEXT Stock Earnings NextDecade Reported Results for Q1 2024 |
Check out Nextdecade Corp Backtesting, Nextdecade Corp Valuation, Nextdecade Corp Correlation, Nextdecade Corp Hype Analysis, Nextdecade Corp Volatility, Nextdecade Corp History as well as Nextdecade Corp Performance. For more information on how to buy Nextdecade Stock please use our How to Invest in Nextdecade Corp guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Nextdecade Stock analysis
When running Nextdecade Corp's price analysis, check to measure Nextdecade Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nextdecade Corp is operating at the current time. Most of Nextdecade Corp's value examination focuses on studying past and present price action to predict the probability of Nextdecade Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextdecade Corp's price. Additionally, you may evaluate how the addition of Nextdecade Corp to your portfolios can decrease your overall portfolio volatility.
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Is Nextdecade Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nextdecade Corp. If investors know Nextdecade will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nextdecade Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.60) | Return On Assets (0.04) | Return On Equity (0.01) |
The market value of Nextdecade Corp is measured differently than its book value, which is the value of Nextdecade that is recorded on the company's balance sheet. Investors also form their own opinion of Nextdecade Corp's value that differs from its market value or its book value, called intrinsic value, which is Nextdecade Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nextdecade Corp's market value can be influenced by many factors that don't directly affect Nextdecade Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nextdecade Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextdecade Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextdecade Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.