Nextracker Inc (NASDAQ: NXT) closed the day trading at $58.02 up 2.38% from the previous closing price of $56.67. In other words, the price has increased by $+1.35 from its previous closing price. On the day, 3089838 shares were traded.
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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 21.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.74. 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, BMO Capital Markets on March 22, 2024, initiated with a Market Perform rating and assigned the stock a target price of $69.
On March 21, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $71.
On February 08, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $73.Guggenheim initiated its Buy rating on February 08, 2024, with a $73 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 Feb 05 ’24 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 ’23. The Chief Executive Officer now owns 77,713 shares after completing the transaction at $39.63 per share. On Nov 20 ’23, 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 7.92B and an Enterprise Value of 7.70B. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.68, and their Forward P/E ratio for the next fiscal year is 18.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.47. Its current Enterprise Value per Revenue stands at 3.37 whereas that against EBITDA is 21.31.
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 55.22, while the 200-Day Moving Average is calculated to be 43.81.
Shares Statistics:
Over the past 3-months, NXT traded about 4.39M shares per day on average, while over the past 10 days, NXT traded about 3.64M shares per day. A total of 136.53M shares are outstanding, with a floating share count of 130.10M. Insiders hold about 4.71% of the company’s shares, while institutions hold 45.36% stake in the company. Shares short for NXT as of Feb 29, 2024 were 5.02M with a Short Ratio of 1.76, compared to 5.83M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.67% and a Short% of Float of 4.06%.
Earnings Estimates
Current recommendations for the stock of the company come from 17 analysts. 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 $0.67, 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 $2.74. EPS for the following year is $3.1, with 23 analysts recommending between $3.68 and $2.5.
Revenue Estimates
20 analysts predict $684.32M in revenue for the current quarter. 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 $2.38B, resulting in an average revenue estimate of $2.45B. In the same quarter a year ago, actual revenue was $1.9B, up 28.60% from the average estimate. Based on 27 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.
