Nextdecade Story

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NEXT -- USA Stock  

USD 2.21  0.10  4.74%

Nextdecade Corp is currently generating 0.4698% in daily expected returns and assumes 7.0966% risk (volatility on return distribution) over the 60 days horizon. Since many greedy investors are excited about energy space, let's review Nextdecade Corp against its current volatility. What exactly are Nextdecade Corp shareholders getting in April? The newest Nextdecade risk factors may impact the value of the stock as we estimate Nextdecade Corp as currently overvalued. The real value is approaching 2.44 per share.
Published over three weeks ago
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Nextdecade Corp (NASDAQ:NEXT) high volatility trend continues
Nextdecade Corp currently holds 596 K in liabilities with Debt to Equity (D/E) ratio of 0.0, which may suggest the firm is not taking enough advantage from borrowing. This firm has a current ratio of 4.09, suggesting that it is liquid enough and is able to pay its financial obligations when due.
On a scale of 0 to 100, Nextdecade Corp holds a performance score of 4. The company secures a Beta (Market Risk) of 2.0912, which conveys a somewhat significant risk relative to the market. Let's try to break down what Nextdecade's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nextdecade Corp will likely underperform. Although it is vital to follow Nextdecade Corp price patterns, it is good to be conservative about what you can do with the information regarding equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Nextdecade Corp technical indicators, you can presently evaluate if the expected return of 0.47% will be sustainable into the future. Please exercises Nextdecade Corp treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price to make a quick decision on whether Nextdecade Corp current price movements will revert.
Volatility is a rate at which the price of Nextdecade Corp or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Nextdecade Corp may increase or decrease. In other words, similar to Nextdecade's beta indicator, it measures the risk of Nextdecade Corp and helps estimate the fluctuations that may happen in a short period of time. So if prices of Nextdecade Corp fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is Nextdecade Corp's Liquidity

Nextdecade Corp financial leverage refers to using borrowed capital as a funding source to finance Nextdecade Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Nextdecade Corp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Nextdecade Corp's total debt and its cash.

How Nextdecade utilizes its cash?

To perform a cash flow analysis of Nextdecade Corp, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Nextdecade Corp is receiving and how much cash it distributes out in a given period. The Nextdecade Corp cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Nextdecade Corp Net Cash Flow from Operations is comparatively stable at the moment as compared to the past year. Nextdecade Corp reported Net Cash Flow from Operations of (26.25 Million) in 2020

Nextdecade Corp Volatility Drivers

Nextdecade Corp unsystematic risk is unique to Nextdecade Corp and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Nextdecade Corp you can also buy Dorchester Minls. You can also mitigate this risk by investing in the oil & gas e&p sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Nextdecade Corp important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Nextdecade Corp income statement and balance sheet. Here are more details about Nextdecade volatility.
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Details

The company reported the previous year's revenue of 79.72 M. Net Loss for the year was (40.15 M) with profit before overhead, payroll, taxes, and interest of 42.09 M.

Our perspective of the newest Nextdecade Corp gain

Nextdecade Corp newest standard deviation boosts over 6.94.
As of the 27th of March, Nextdecade Corp secures the Downside Deviation of 5.14, mean deviation of 4.17, and Risk Adjusted Performance of 0.0599. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nextdecade Corp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Nextdecade Corp, which can be compared to its peers in the industry. Please verify Nextdecade Corp standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Nextdecade Corp is priced some-what accurately, providing market reflects its recent price of 2.57 per share. Please also check out Nextdecade Corp total risk alpha, which is currently at (0.66) to check the company can sustain itself at a future point.

Whereas some companies under the oil & gas e&p industry are still a bit expensive, Nextdecade Corp may offer a potential longer-term growth to private investors. With a less-than optimistic outlook for your 30 days horizon, it may be a good time to exit some or all of your Nextdecade Corp holdings as it seems the potential growth was already fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Nextdecade Corp.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Nextdecade Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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