Nextracker Inc (NXT) Stock Price Peaks at $59.07 During Trading

The closing price of Nextracker Inc (NASDAQ: NXT) was $58.07 for the day, up 1.66% from the previous closing price of $57.12. In other words, the price has increased by $+0.95 from its previous closing price. On the day, 2021610 shares were traded. NXT stock price reached its highest trading level at $59.07 during the session, while it also had its lowest trading level at $57.22.

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Our analysis of NXT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.76. 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, Guggenheim on February 08, 2024, initiated with a Buy rating and assigned the stock a target price of $73.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 05 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. The Chief Executive Officer now owns 77,713 shares after completing the transaction at $39.63 per share. On Nov 20, 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 7.80B and an Enterprise Value of 7.58B. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.71, and their Forward P/E ratio for the next fiscal year is 18.99. 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 3.32 whereas that against EBITDA is 20.98.

Stock Price History:

Over the past 52 weeks, NXT has reached a high of $58.29, while it has fallen to a 52-week low of $28.24. The 50-Day Moving Average of the stock is 45.75, while the 200-Day Moving Average is calculated to be 40.28.

Shares Statistics:

NXT traded an average of 0.55 shares per day over the past three months and 5.84M shares per day over the past ten days. A total of 136.53M shares are outstanding, with a floating share count of 105.56M. Insiders hold about 22.69% of the company’s shares, while institutions hold 41.83% stake in the company. Shares short for NXT as of Jan 31, 2024 were 5.83M with a Short Ratio of 1.58, compared to 8.7M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.27% and a Short% of Float of 4.72%.

Earnings Estimates

The firm’s stock currently is rated by 15 analysts. On average, analysts expect EPS of $0.75 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 $0.66, 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 $2.7. EPS for the following year is $3.11, with 23 analysts recommending between $3.72 and $2.5.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 18 analysts. It ranges from a high estimate of $703.99M 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 31.40% from the year-ago figure.

A total of 25 analysts have provided revenue estimates for NXT’s current fiscal year. The highest revenue estimate was $2.48B, while the lowest revenue estimate was $2.3B, resulting in an average revenue estimate of $2.44B. In the same quarter a year ago, actual revenue was $1.9B, up 28.10% from the average estimate. Based on 25 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 $2.7B. The average revenue growth estimate for next year is up 18.70% from the average revenue estimate for this year.

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