Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Nextracker Inc (NASDAQ: NXT) closed at $43.91 down -1.15% from its previous closing price of $44.42. In other words, the price has decreased by -$1.15 from its previous closing price. On the day, 2.79 million shares were traded. NXT stock price reached its highest trading level at $45.86 during the session, while it also had its lowest trading level at $43.19.
Ratios:
For a deeper understanding of Nextracker Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.21. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 6353030656 and an Enterprise Value of 9641064448. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.24, and their Forward P/E ratio for the next fiscal year is 14.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.63. Its current Enterprise Value per Revenue stands at 4.225 whereas that against EBITDA is 26.58.
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 -20.27%, while the 200-Day Moving Average is calculated to be -1.64%.
Shares Statistics:
For the past three months, NXT has traded an average of 3.59M shares per day and 3612400 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 46.30% stake in the company. Shares short for NXT as of 1711584000 were 9824482 with a Short Ratio of 2.74, compared to 1709164800 on 5016279. Therefore, it implies a Short% of Shares Outstanding of 9824482 and a Short% of Float of 7.95.
