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Nextracker Inc (NASDAQ: NXT) closed the day trading at $35.97 down -1.69% from the previous closing price of $36.59. In other words, the price has decreased by -$1.69 from its previous closing price. On the day, 1.98 million shares were traded. NXT stock price reached its highest trading level at $36.5447 during the session, while it also had its lowest trading level at $35.43.
Ratios:
For a better understanding of NXT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.84 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.
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, Jefferies on September 04, 2024, initiated with a Hold rating and assigned the stock a target price of $46.
On June 28, 2024, Susquehanna started tracking the stock assigning a Positive rating and target price of $59.
Fox Advisors Upgraded its Equal Weight to Overweight on May 15, 2024, while the target price for the stock was maintained at $60.
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 May 20 ’24 when LEDESMA BRUCE sold 12,135 shares for $43.91 per share. The transaction valued at 532,828 led to the insider holds 17,387 shares of the business.
Schlesinger Leah sold 2,149 shares of NXT for $111,555 on Apr 03 ’24. The GC, Ch Eth & Compl Off’r & Sec now owns 11,910 shares after completing the transaction at $51.91 per share. On Apr 02 ’24, another insider, Miller Nicholas Marco, who serves as the Chief Operating Officer of the company, sold 8,355 shares for $52.67 each. As a result, the insider received 440,024 and left with 11,114 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 5296798720 and an Enterprise Value of 4849774592. As of this moment, Nextracker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.45, and their Forward P/E ratio for the next fiscal year is 10.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.88 while its Price-to-Book (P/B) ratio in mrq is 4.60. Its current Enterprise Value per Revenue stands at 1.77 whereas that against EBITDA is 7.157.
Stock Price History:
The Beta on a monthly basis for NXT is 2.46, which has changed by -0.014012396 over the last 52 weeks, in comparison to a change of 0.3069358 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 $32.14. The 50-Day Moving Average of the stock is -8.05%, while the 200-Day Moving Average is calculated to be -24.86%.
Shares Statistics:
Over the past 3-months, NXT traded about 3.04M shares per day on average, while over the past 10 days, NXT traded about 2305090 shares per day. A total of 140.77M shares are outstanding, with a floating share count of 139.04M. Insiders hold about 3.06% of the company’s shares, while institutions hold 100.88% stake in the company. Shares short for NXT as of 1726185600 were 12154646 with a Short Ratio of 4.00, compared to 1723680000 on 9886568. Therefore, it implies a Short% of Shares Outstanding of 12154646 and a Short% of Float of 9.55.
