Nextracker Inc (NASDAQ: NXT) is -5.19% lower on its value in year-to-date trading and has touched a low of $29.28 and a high of $62.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NXT stock was last observed hovering at around $44.00 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $44.42, the stock is -11.67% and -19.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.59 million and changing 0.95% at the moment leaves the stock -0.43% off its SMA200. NXT registered 28.42% gain for a year compared to 6-month gain of 30.34%.
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The stock witnessed a -24.03% loss in the last 1 month and extending the period to 3 months gives it a -3.10%, and is 1.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.72% over the week and 4.25% over the month.
Nextracker Inc (NXT) has around 606 employees, a market worth around $6.07B and $2.28B in sales. Current P/E ratio is 26.55 and Fwd P/E is 14.37. Profit margin for the company is 4.48%. Distance from 52-week low is 51.71% and -28.52% from its 52-week high.
The EPS is expected to grow by 158.11% this year.
Nextracker Inc (NXT) Top Institutional Holders
The shares outstanding are 136.54M, and float is at 130.08M with Short Float at 7.55%.
Nextracker Inc (NXT) Insider Activity
The most recent transaction is an insider sale by Schlesinger Leah,the company’sGC, Ch Eth & Compl Off’r & Sec. SEC filings show that Schlesinger Leah sold 2,149 shares of the company’s common stock on Apr 03 ’24 at a price of $51.91 per share for a total of $0.11 million. Following the sale, the insider now owns 11910.0 shares.
Nextracker Inc disclosed in a document filed with the SEC on Apr 02 ’24 that Miller Nicholas Marco (Chief Operating Officer) sold a total of 8,355 shares of the company’s common stock. The trade occurred on Apr 02 ’24 and was made at $52.67 per share for $0.44 million. Following the transaction, the insider now directly holds 11114.0 shares of the NXT stock.
Still, SEC filings show that on Feb 05 ’24, TPG GP A, LLC (10% Owner) disposed off 11,000,000 shares at an average price of $56.60 for $622.6 million. The insider now directly holds 6,044,918 shares of Nextracker Inc (NXT).
