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As of close of business last night, Nextracker Inc’s stock clocked out at $44.11, up 0.80% from its previous closing price of $43.76. In other words, the price has increased by $0.80 from its previous closing price. On the day, 2.33 million shares were traded. NXT stock price reached its highest trading level at $45.21 during the session, while it also had its lowest trading level at $43.84.
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 16.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.29. 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, Northland Capital on April 26, 2024, Downgraded its rating to Market Perform and sets its target price to $44 from $60 previously.
On April 02, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also upped its target price recommendation from $55 to $63.
On April 01, 2024, Daiwa Securities started tracking the stock assigning a Outperform rating and target price of $63.Daiwa Securities initiated its Outperform rating on April 01, 2024, with a $63 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 6331329536 and an Enterprise Value of 9668373504. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.36, and their Forward P/E ratio for the next fiscal year is 14.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.64. Its current Enterprise Value per Revenue stands at 4.237 whereas that against EBITDA is 26.655.
Stock Price History:
The Beta on a monthly basis for NXT is 2.37, which has changed by 0.48618603 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 -18.53%, while the 200-Day Moving Average is calculated to be -1.37%.
Shares Statistics:
It appears that NXT traded 3.60M shares on average per day over the past three months and 3218860 shares per day over the past ten days. A total of 136.54M shares are outstanding, with a floating share count of 130.08M. Insiders hold about 4.74% of the company’s shares, while institutions hold 48.24% stake in the company. Shares short for NXT as of 1713139200 were 11474551 with a Short Ratio of 3.19, compared to 1710460800 on 7721008. Therefore, it implies a Short% of Shares Outstanding of 11474551 and a Short% of Float of 9.28.
Earnings Estimates
Nextracker Inc (NXT) is presently subject to a detailed evaluation by 18.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of $0.78 for the current quarter, with a high estimate of $2.48 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 $3.06 and $2.07 for the fiscal current year, implying an average EPS of $2.69. EPS for the following year is $3.14, with 25.0 analysts recommending between $3.78 and $2.5.
Revenue Estimates
In the current quarter, 21 analysts expect revenue to total $682.86M. 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 $518.39MFor the next quarter, 21 analysts are estimating revenue of $636.53M. There is a high estimate of $722M for the next quarter, whereas the lowest estimate is $547M.
A total of 28 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 $1.9BBased on 28 analysts’ estimates, the company’s revenue will be $2.89B in the next fiscal year. The high estimate is $3.04B and the low estimate is $2.67B.
