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The price of Nextracker Inc (NASDAQ: NXT) closed at $45.12 in the last session, down -1.78% from day before closing price of $45.94. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 2.18 million shares were traded. NXT stock price reached its highest trading level at $46.3 during the session, while it also had its lowest trading level at $44.81.
Ratios:
We take a closer look at NXT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.20. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 10 ’25 when LEDESMA BRUCE sold 9,891 shares for $46.05 per share. The transaction valued at 455,475 led to the insider holds 132,374 shares of the business.
BRUCE LEDESMA bought 9,891 shares of NXT for $456,173 on Feb 10 ’25. On Feb 04 ’25, another insider, TPG Rise Flash, L.P., who serves as the Stockholder of the company, bought 1,908,827 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 6656463360 and an Enterprise Value of 5291565568. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.89, and their Forward P/E ratio for the next fiscal year is 12.18. 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 4.61. 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 2.19, which has changed by -0.2455247 over the last 52 weeks, in comparison to a change of 0.21313763 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 10.84%, while the 200-Day Moving Average is calculated to be 6.54%.
Shares Statistics:
According to the various share statistics, NXT traded on average about 2.63M shares per day over the past 3-months and 4400310 shares per day over the past 10 days. A total of 143.69M shares are outstanding, with a floating share count of 139.13M. Insiders hold about 3.14% of the company’s shares, while institutions hold 103.46% stake in the company. Shares short for NXT as of 1736899200 were 11614630 with a Short Ratio of 4.42, compared to 1734048000 on 10743286. Therefore, it implies a Short% of Shares Outstanding of 11614630 and a Short% of Float of 9.11.
