In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
In the latest session, Nextracker Inc (NASDAQ: NXT) closed at $46.88 down -4.58% from its previous closing price of $49.13. In other words, the price has decreased by -$4.58 from its previous closing price. On the day, 8.62 million shares were traded. NXT stock price reached its highest trading level at $50.19 during the session, while it also had its lowest trading level at $46.48.
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 14.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.88. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 1.98. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.17.
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, Susquehanna on June 28, 2024, initiated with a Positive rating and assigned the stock a target price of $59.
On May 15, 2024, Fox Advisors Upgraded its rating to Overweight which previously was Equal Weight but kept the price unchanged to $60.
Northland Capital Downgraded its Outperform to Market Perform on April 26, 2024, whereas the target price for the stock was revised from $60 to $44.
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 May 20 ’24 when LEDESMA BRUCE sold 12,135 shares for $43.91 per share. The transaction valued at 532,828 led to the insider holds 17,387 shares of the business.
Schlesinger Leah sold 2,149 shares of NXT for $111,555 on Apr 03 ’24. The GC, Ch Eth & Compl Off’r & Sec now owns 11,910 shares after completing the transaction at $51.91 per share. On Apr 02 ’24, another insider, Miller Nicholas Marco, who serves as the Chief Operating Officer of the company, sold 8,355 shares for $52.67 each. As a result, the insider received 440,024 and left with 11,114 shares of the company.
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 6985588736 and an Enterprise Value of 6345819136. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.43, and their Forward P/E ratio for the next fiscal year is 13.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.69 while its Price-to-Book (P/B) ratio in mrq is 6.87. Its current Enterprise Value per Revenue stands at 2.538 whereas that against EBITDA is 10.729.
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 $32.14. The 50-Day Moving Average of the stock is -5.78%, while the 200-Day Moving Average is calculated to be -0.01%.
Shares Statistics:
For the past three months, NXT has traded an average of 3.97M shares per day and 6074290 over the past ten days. A total of 140.77M shares are outstanding, with a floating share count of 135.72M. Insiders hold about 5.38% of the company’s shares, while institutions hold 97.63% stake in the company. Shares short for NXT as of 1718323200 were 7837227 with a Short Ratio of 1.97, compared to 1715731200 on 10224799. Therefore, it implies a Short% of Shares Outstanding of 7837227 and a Short% of Float of 6.08.
