Nextracker Inc (NASDAQ: NXT) closed the day trading at $44.83 down -5.02% from the previous closing price of $47.20. On the day, 4271844 shares were traded.
Ratios:
For a better understanding of NXT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.57. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.79, and their Forward P/E ratio for the next fiscal year is 14.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.68.
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.
Shares Statistics:
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 45.44% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Cloudflare, Inc. analysts. The consensus estimate for the next quarter is $45.96, with high estimates of $93.06 and low estimates of $3.83.
