Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
As of close of business last night, Nextracker Inc’s stock clocked out at $49.75, up 2.37% from its previous closing price of $48.60. In other words, the price has increased by $2.37 from its previous closing price. On the day, 2.26 million shares were traded. NXT stock price reached its highest trading level at $50.34 during the session, while it also had its lowest trading level at $47.66.
Ratios:
To gain a deeper understanding of NXT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.55. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 04 ’25 when TPG Rise Flash, L.P. bought 1,908,827 shares for $48.60 per share.
TPG Rise Climate Flash CI BDH, bought 249,182 shares of NXT for $12,110,245 on Feb 04 ’25. On Feb 04 ’25, another insider, TPG Rise Climate BDH, L.P., who serves as the Stockholder of the company, bought 2,414,976 shares for $48.60 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NXT now has a Market Capitalization of 7339517952 and an Enterprise Value of 5291565568. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.11, and their Forward P/E ratio for the next fiscal year is 13.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 5.08. Its current Enterprise Value per Revenue stands at 1.888 whereas that against EBITDA is 7.323.
Stock Price History:
The Beta on a monthly basis for NXT is 2.15, which has changed by -0.123060286 over the last 52 weeks, in comparison to a change of 0.2000997 over the same period for the S&P500. 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 24.57%, while the 200-Day Moving Average is calculated to be 17.63%.
Shares Statistics:
It appears that NXT traded 2.72M shares on average per day over the past three months and 4139880 shares per day over the past ten days. A total of 143.69M shares are outstanding, with a floating share count of 139.25M. Insiders hold about 3.06% of the company’s shares, while institutions hold 100.92% stake in the company. Shares short for NXT as of 1736899200 were 11614630 with a Short Ratio of 4.27, compared to 1734048000 on 10743286. Therefore, it implies a Short% of Shares Outstanding of 11614630 and a Short% of Float of 9.11.
Earnings Estimates
The current market rating for Nextracker Inc (NXT) reflects the collective analysis of 20.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.93, with high estimates of $1.06 and low estimates of $0.8.
Analysts are recommending an EPS of between $3.99 and $3.27 for the fiscal current year, implying an average EPS of $3.82. EPS for the following year is $3.82, with 25.0 analysts recommending between $4.38 and $3.15.
Revenue Estimates
In the current quarter, 22 analysts expect revenue to total $828.05M. It ranges from a high estimate of $862M to a low estimate of $795.44M. As of the current estimate, Nextracker Inc’s year-ago sales were $736.51MFor the next quarter, 22 analysts are estimating revenue of $763.84M. There is a high estimate of $827.91M for the next quarter, whereas the lowest estimate is $707.26M.
A total of 28 analysts have provided revenue estimates for NXT’s current fiscal year. The highest revenue estimate was $2.93B, while the lowest revenue estimate was $2.83B, resulting in an average revenue estimate of $2.86B. In the same quarter a year ago, actual revenue was $2.5BBased on 28 analysts’ estimates, the company’s revenue will be $3.2B in the next fiscal year. The high estimate is $3.43B and the low estimate is $3.08B.
