Financial Metrics Unveiled: Nextracker Inc (NXT)’s Key Ratios in the Spotlight

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The price of Nextracker Inc (NASDAQ: NXT) closed at $43.07 in the last session, up 1.94% from day before closing price of $42.25. In other words, the price has increased by $1.94 from its previous closing price. On the day, 3.83 million shares were traded. NXT stock price reached its highest trading level at $44.83 during the session, while it also had its lowest trading level at $42.76.

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 15.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.88. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.87.

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 the company, Northland Capital on April 26, 2024, Downgraded its rating to Market Perform and sets its target price to $44 from $60 previously.

On April 02, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also upped its target price recommendation from $55 to $63.

On April 01, 2024, Daiwa Securities started tracking the stock assigning a Outperform rating and target price of $63.Daiwa Securities initiated its Outperform rating on April 01, 2024, with a $63 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 Apr 03 ’24 when Schlesinger Leah sold 2,149 shares for $51.91 per share. The transaction valued at 111,555 led to the insider holds 11,910 shares of the business.

Miller Nicholas Marco sold 8,355 shares of NXT for $440,024 on Apr 02 ’24. The Chief Operating Officer now owns 11,114 shares after completing the transaction at $52.67 per share. On Feb 05 ’24, another insider, TPG GP A, LLC, who serves as the 10% Owner of the company, sold 11,000,000 shares for $56.60 each. As a result, the insider received 622,600,000 and left with 6,044,918 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 6231497216 and an Enterprise Value of 9526369280. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.74, and their Forward P/E ratio for the next fiscal year is 13.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.58. Its current Enterprise Value per Revenue stands at 4.175 whereas that against EBITDA is 26.263.

Stock Price History:

Over the past 52 weeks, NXT has reached a high of $62.14, while it has fallen to a 52-week low of $32.14. The 50-Day Moving Average of the stock is -15.92%, while the 200-Day Moving Average is calculated to be -4.24%.

Shares Statistics:

According to the various share statistics, NXT traded on average about 3.15M shares per day over the past 3-months and 3163650 shares per day over the past 10 days. A total of 136.54M shares are outstanding, with a floating share count of 130.08M. Insiders hold about 4.74% of the company’s shares, while institutions hold 64.65% stake in the company. Shares short for NXT as of 1714435200 were 12202738 with a Short Ratio of 3.88, compared to 1711584000 on 9824482. Therefore, it implies a Short% of Shares Outstanding of 12202738 and a Short% of Float of 9.87.

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