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The price of Nextracker Inc (NASDAQ: NXT) closed at $39.11 in the last session, up 0.33% from day before closing price of $38.98. In other words, the price has increased by $0.33 from its previous closing price. On the day, 3.45 million shares were traded. NXT stock price reached its highest trading level at $39.57 during the session, while it also had its lowest trading level at $38.55.
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 11.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.84 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.
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:
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 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 5759182336 and an Enterprise Value of 5300171776. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.37, and their Forward P/E ratio for the next fiscal year is 11.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.05 while its Price-to-Book (P/B) ratio in mrq is 5.00. Its current Enterprise Value per Revenue stands at 1.934 whereas that against EBITDA is 7.822.
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 -21.02%, while the 200-Day Moving Average is calculated to be -18.67%.
Shares Statistics:
According to the various share statistics, NXT traded on average about 4.08M shares per day over the past 3-months and 4042500 shares per day over the past 10 days. A total of 140.77M shares are outstanding, with a floating share count of 136.01M. Insiders hold about 5.18% of the company’s shares, while institutions hold 100.13% stake in the company. Shares short for NXT as of 1722384000 were 10147009 with a Short Ratio of 2.49, compared to 1719532800 on 11242624. Therefore, it implies a Short% of Shares Outstanding of 10147009 and a Short% of Float of 7.969999999999999.
