As of close of business last night, Nextracker Inc’s stock clocked out at $50.99, up 1.88% from its previous closing price of $50.05. In other words, the price has increased by $+0.94 from its previous closing price. On the day, 2358320 shares were traded.
Ratios:
To gain a deeper understanding of NXT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.98. 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, Barclays on April 02, 2024, Downgraded its rating to Equal Weight and sets its target price to $63 from $55 previously.
On April 01, 2024, Daiwa Securities started tracking the stock assigning a Outperform rating and target price of $63.
On March 22, 2024, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $69.BMO Capital Markets initiated its Market Perform rating on March 22, 2024, with a $69 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future 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 6.96B and an Enterprise Value of 6.74B. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.48, and their Forward P/E ratio for the next fiscal year is 16.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.05. Its current Enterprise Value per Revenue stands at 2.95 whereas that against EBITDA is 18.66.
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 $29.28. The 50-Day Moving Average of the stock is 56.44, while the 200-Day Moving Average is calculated to be 44.21.
Shares Statistics:
It appears that NXT traded 3.88M shares on average per day over the past three months and 2.87M shares per day over the past ten days. A total of 136.54M shares are outstanding, with a floating share count of 130.04M. Insiders hold about 4.76% of the company’s shares, while institutions hold 45.38% stake in the company. Shares short for NXT as of Mar 15, 2024 were 7.72M with a Short Ratio of 1.99, compared to 4.87M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.65% and a Short% of Float of 6.24%.
Earnings Estimates
As of right now, 18 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.7 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 $0.68, with high estimates of $0.88 and low estimates of $0.5.
Analysts are recommending an EPS of between $3.16 and $2.07 for the fiscal current year, implying an average EPS of $2.72. EPS for the following year is $3.14, with 25 analysts recommending between $3.87 and $2.5.
Revenue Estimates
In the current quarter, 20 analysts expect revenue to total $684.32M. It ranges from a high estimate of $718.15M 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 32.00% from the year-ago figure.
A total of 27 analysts have provided revenue estimates for NXT’s current fiscal year. The highest revenue estimate was $2.48B, while the lowest revenue estimate was $2.41B, resulting in an average revenue estimate of $2.45B. In the same quarter a year ago, actual revenue was $1.9B, up 28.80% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $2.89B in the next fiscal year. The high estimate is $3.09B and the low estimate is $2.67B. The average revenue growth estimate for next year is up 18.00% from the average revenue estimate for this year.
