Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Nextracker Inc (NASDAQ: NXT) closed at $41.00 down -2.12% from its previous closing price of $41.89. In other words, the price has decreased by -$2.12 from its previous closing price. On the day, 3.38 million shares were traded. NXT stock price reached its highest trading level at $41.93 during the session, while it also had its lowest trading level at $40.62.
Ratios:
For a deeper understanding of Nextracker Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.96. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 2.21. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on December 19, 2024, initiated with a Hold rating and assigned the stock a target price of $41.
On September 04, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $46.Jefferies initiated its Hold rating on September 04, 2024, with a $46 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 16 ’25 when Wenger Howard sold 6,066 shares for $45.00 per share. The transaction valued at 272,970 led to the insider holds 209,365 shares of the business.
HOWARD WENGER bought 6,066 shares of NXT for $259,200 on Jan 16 ’25. On Jan 02 ’25, another insider, LEAH SCHLESINGER, who serves as the Officer of the company, bought 3,629 shares for $36.53 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 6045736448 and an Enterprise Value of 5489788416. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.16, and their Forward P/E ratio for the next fiscal year is 12.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.13 while its Price-to-Book (P/B) ratio in mrq is 4.65. Its current Enterprise Value per Revenue stands at 1.959 whereas that against EBITDA is 7.597.
Stock Price History:
The Beta on a monthly basis for NXT is 2.10, which has changed by -0.0894959 over the last 52 weeks, in comparison to a change of 0.23809385 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 5.97%, while the 200-Day Moving Average is calculated to be -3.10%.
Shares Statistics:
For the past three months, NXT has traded an average of 2.67M shares per day and 2687920 over the past ten days. A total of 143.62M shares are outstanding, with a floating share count of 139.25M. Insiders hold about 3.06% of the company’s shares, while institutions hold 100.85% stake in the company. Shares short for NXT as of 1735603200 were 11651292 with a Short Ratio of 4.36, compared to 1732838400 on 11892355. Therefore, it implies a Short% of Shares Outstanding of 11651292 and a Short% of Float of 9.140000500000001.
