The price of Nextracker Inc (NASDAQ: NXT) closed at $56.24 in the last session, down -4.21% from day before closing price of $58.71. In other words, the price has decreased by -$2.47 from its previous closing price. On the day, 3676199 shares were traded.
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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 20.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.04. 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 this company, Guggenheim on February 08, 2024, initiated with a Buy rating and assigned the stock a target price of $73.
On January 16, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $62.
Wells Fargo Upgraded its Equal Weight to Overweight on January 08, 2024, whereas the target price for the stock was revised from $45 to $57.
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 05 when TPG GP A, LLC sold 11,000,000 shares for $56.60 per share. The transaction valued at 622,600,000 led to the insider holds 6,044,918 shares of the business.
SHUGAR DANIEL S bought 37,821 shares of NXT for $1,498,823 on Dec 07. The Chief Executive Officer now owns 77,713 shares after completing the transaction at $39.63 per share. On Nov 20, another insider, Schlesinger Leah, who serves as the GC, Ch Eth & Compl Off’r & Sec of the company, sold 2,192 shares for $40.00 each. As a result, the insider received 87,680 and left with 5,114 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 8.02B and an Enterprise Value of 7.79B. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.61, and their Forward P/E ratio for the next fiscal year is 18.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.37. Its current Enterprise Value per Revenue stands at 3.42 whereas that against EBITDA is 21.58.
Stock Price History:
Over the past 52 weeks, NXT has reached a high of $61.77, while it has fallen to a 52-week low of $28.24. The 50-Day Moving Average of the stock is 49.93, while the 200-Day Moving Average is calculated to be 41.92.
Shares Statistics:
According to the various share statistics, NXT traded on average about 4.03M shares per day over the past 3-months and 2.75M shares per day over the past 10 days. A total of 136.53M shares are outstanding, with a floating share count of 123.39M. Insiders hold about 9.63% of the company’s shares, while institutions hold 45.07% stake in the company. Shares short for NXT as of Feb 15, 2024 were 4.87M with a Short Ratio of 1.21, compared to 6.83M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.56% and a Short% of Float of 3.94%.
Earnings Estimates
The company has 16 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.74 for the current quarter, with a high estimate of $1.11 and a low estimate of $0.53, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.66, with high estimates of $0.88 and low estimates of $0.5.
Analysts are recommending an EPS of between $3.19 and $2.07 for the fiscal current year, implying an average EPS of $2.73. EPS for the following year is $3.12, with 23 analysts recommending between $3.72 and $2.5.
Revenue Estimates
According to 18 analysts, the current quarter’s revenue is expected to be $683.6M. It ranges from a high estimate of $703.99M to a low estimate of $648.9M. As of the current estimate, Nextracker Inc’s year-ago sales were $518.39M, an estimated increase of 31.90% from the year-ago figure.
A total of 25 analysts have provided revenue estimates for NXT’s current fiscal year. The highest revenue estimate was $2.48B, while the lowest revenue estimate was $2.3B, resulting in an average revenue estimate of $2.44B. In the same quarter a year ago, actual revenue was $1.9B, up 28.30% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $2.91B in the next fiscal year. The high estimate is $3.09B and the low estimate is $2.73B. The average revenue growth estimate for next year is up 19.00% from the average revenue estimate for this year.
