Oct. 3 at 11:17 PM
$NEXT https://www.reddit.com/r/wallstreetbets/s/FNLXH5IWvB
After my
$CRWV post materialized into a big multibagger this week, hundreds of people have been reaching out asking me for the next big play. Well, it's a liquid natural gas company called NextDecade.
$NEXT got inexplicably beat down recently to
$7 from the
$10-12 range after announcing POSITIVE news on September 10th that it received
$6.7 billion to develop its Rio Grande LNG facility. On September 12th Morgan Stanley downgraded their price target on
$NEXT which further pushed it down to
$6. However, this downgrade was from
$15 to
$10, still way above the current price.
There's been colossal insider buying on
$NEXT the last few weeks as well. The CEO recently bought 281,500 shares. He now owns
$37 million in stock which…
The 50 day moving average of
$NEXT is
$9.51, and the 200 day moving average is
$8.69. The current ratio is .70 and the debt to equity ratio is 2.77. Financials look solid and indicate an oversold position.
