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The price of Nextracker Inc (NASDAQ: NXT) closed at $40.40 in the last session, up 3.99% from day before closing price of $38.85. In other words, the price has increased by $3.99 from its previous closing price. On the day, 2.42 million shares were traded. NXT stock price reached its highest trading level at $41.42 during the session, while it also had its lowest trading level at $39.3029.
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 10.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.29. 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.
On September 04, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $46.
On June 28, 2024, Susquehanna started tracking the stock assigning a Positive rating and target price of $59.Susquehanna initiated its Positive rating on June 28, 2024, with a $59 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 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 5957262848 and an Enterprise Value of 5403604480. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.00, and their Forward P/E ratio for the next fiscal year is 12.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.18 while its Price-to-Book (P/B) ratio in mrq is 4.58. Its current Enterprise Value per Revenue stands at 1.928 whereas that against EBITDA is 7.478.
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 $30.93. The 50-Day Moving Average of the stock is 10.39%, while the 200-Day Moving Average is calculated to be -12.11%.
Shares Statistics:
According to the various share statistics, NXT traded on average about 3.02M shares per day over the past 3-months and 2242650 shares per day over the past 10 days. A total of 140.77M shares are outstanding, with a floating share count of 139.24M. Insiders hold about 3.06% of the company’s shares, while institutions hold 101.06% stake in the company. Shares short for NXT as of 1730332800 were 12513928 with a Short Ratio of 4.14, compared to 1727654400 on 13245821. Therefore, it implies a Short% of Shares Outstanding of 12513928 and a Short% of Float of 9.819999.
