In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Nextracker Inc (NASDAQ: NXT) was $45.02 for the day, down -5.06% from the previous closing price of $47.42. In other words, the price has decreased by -$5.06 from its previous closing price. On the day, 1.67 million shares were traded.
Ratios:
Our analysis of NXT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.17. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
On January 29, 2025, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $47 to $60.
On December 19, 2024, TD Cowen started tracking the stock assigning a Hold rating and target price of $41.TD Cowen initiated its Hold rating on December 19, 2024, with a $41 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 18 ’25 when Leah Schlesinger bought 11,434 shares for $48.00 per share.
LEDESMA BRUCE sold 9,891 shares of NXT for $455,475 on Feb 10 ’25. The Chief Legal & Compliance Ofc now owns 132,374 shares after completing the transaction at $46.05 per share. On Feb 10 ’25, another insider, BRUCE LEDESMA, who serves as the Officer of the company, bought 9,891 shares for $46.12 each.
Valuation Measures:
As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.86, and their Forward P/E ratio for the next fiscal year is 12.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37 while its Price-to-Book (P/B) ratio in mrq is 4.60.
Stock Price History:
Over the past 52 weeks, NXT has reached a high of $62.31, while it has fallen to a 52-week low of $30.93. The 50-Day Moving Average of the stock is 5.38%, while the 200-Day Moving Average is calculated to be 5.94%.
Shares Statistics:
A total of 143.69M shares are outstanding, with a floating share count of 139.19M. Insiders hold about 3.10% of the company’s shares, while institutions hold 104.90% stake in the company.
