Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $43.09 in the prior trading day, Nextracker Inc (NASDAQ: NXT) closed at $42.80, down -0.67%. In other words, the price has decreased by -$0.67 from its previous closing price. On the day, 1.51 million shares were traded.
Ratios:
Our goal is to gain a better understanding of NXT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.52. 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:
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 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:
As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.28, and their Forward P/E ratio for the next fiscal year is 11.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.25 while its Price-to-Book (P/B) ratio in mrq is 4.37.
Stock Price History:
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 -1.23%, while the 200-Day Moving Average is calculated to be 0.74%.
Shares Statistics:
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.
