Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Nextracker Inc’s stock clocked out at $45.16, up 1.90% from its previous closing price of $44.32. In other words, the price has increased by $1.90 from its previous closing price. On the day, 1.98 million shares were traded. NXT stock price reached its highest trading level at $45.24 during the session, while it also had its lowest trading level at $43.6.
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 9.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.21. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.10.
On January 29, 2025, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $47 to $60.
On December 19, 2024, TD Cowen started tracking the stock assigning a Hold rating and target price of $41.TD Cowen initiated its Hold rating on December 19, 2024, with a $41 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 Feb 18 ’25 when Leah Schlesinger bought 11,434 shares for $48.00 per share.
LEDESMA BRUCE sold 9,891 shares of NXT for $455,475 on Feb 10 ’25. The Chief Legal & Compliance Ofc now owns 132,374 shares after completing the transaction at $46.05 per share. On Feb 10 ’25, another insider, BRUCE LEDESMA, who serves as the Officer of the company, bought 9,891 shares for $46.12 each.
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 6662364672 and an Enterprise Value of 5960153088. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.90, and their Forward P/E ratio for the next fiscal year is 12.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37 while its Price-to-Book (P/B) ratio in mrq is 4.61. Its current Enterprise Value per Revenue stands at 2.151 whereas that against EBITDA is 8.179.
Stock Price History:
The Beta on a monthly basis for NXT is 1.90, which has changed by -0.24088085 over the last 52 weeks, in comparison to a change of 0.07903516 over the same period for the S&P500. Over the past 52 weeks, NXT has reached a high of $62.31, while it has fallen to a 52-week low of $30.93. The 50-Day Moving Average of the stock is 2.16%, while the 200-Day Moving Average is calculated to be 6.60%.
Shares Statistics:
It appears that NXT traded 2.72M shares on average per day over the past three months and 2455750 shares per day over the past ten days. A total of 143.69M shares are outstanding, with a floating share count of 139.26M. Insiders hold about 3.10% of the company’s shares, while institutions hold 104.91% stake in the company. Shares short for NXT as of 1740700800 were 8323952 with a Short Ratio of 3.06, compared to 1738281600 on 10188517. Therefore, it implies a Short% of Shares Outstanding of 8323952 and a Short% of Float of 6.529999999999999.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
