Nextracker Inc (NASDAQ: NXT) is -13.77% lower on its value in year-to-date trading and has touched a low of $30.93 and a high of $62.31 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 $38.85 in the last trading session, with the day’s gains setting it 1.55%.
Currently trading at $40.40, the stock is 4.58% and 10.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing 3.99% at the moment leaves the stock -12.11% off its SMA200. NXT registered 4.39% gain for a year compared to 6-month loss of -26.98%. The firm has a 50-day simple moving average (SMA 50) of $36.5283 and a 200-day simple moving average (SMA200) of $46.053726.
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The stock witnessed a 28.42% gain in the last 1 month and extending the period to 3 months gives it a -1.77%, and is 7.93% 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 3.96% over the week and 6.13% over the month.
Nextracker Inc (NXT) has around 1050 employees, a market worth around $5.88B and $2.80B in sales. Current P/E ratio is 11.00 and Fwd P/E is 12.14. Profit margin for the company is 17.26%. Distance from 52-week low is 30.62% and -35.16% from its 52-week high. The company has generated returns on investments over the last 12 months (34.39%).
with sales reaching $654.94M over the same period.The EPS is expected to grow by 6.25% this year, but quarterly earnings will post 14.19% year-over-year. Quarterly sales are estimated to shrink -7.81% in year-over-year returns.
Nextracker Inc (NXT) Top Institutional Holders
604.0 institutions hold shares in Nextracker Inc (NXT), with institutional investors hold 103.74% of the company’s shares. The shares outstanding are 140.77M, and float is at 139.24M with Short Float at 8.99%. Institutions hold 103.29% of the Float.
Nextracker Inc (NXT) Insider Activity
The most recent transaction is an insider sale by LEDESMA BRUCE, the company’s President – Strtgy & Admnstrtn. SEC filings show that LEDESMA BRUCE sold 12,135 shares of the company’s common stock on May 20 ’24 at a price of $43.91 per share for a total of $0.53 million. Following the sale, the insider now owns 17387.0 shares.
Nextracker Inc disclosed in a document filed with the SEC on Apr 03 ’24 that Schlesinger Leah (GC, Ch Eth & Compl Off’r & Sec) sold a total of 2,149 shares of the company’s common stock. The trade occurred on Apr 03 ’24 and was made at $51.91 per share for $0.11 million. Following the transaction, the insider now directly holds 11910.0 shares of the NXT stock.
Still, SEC filings show that on Apr 02 ’24, Miller Nicholas Marco (Chief Operating Officer) disposed off 8,355 shares at an average price of $52.67 for $0.44 million. The insider now directly holds 11,114 shares of Nextracker Inc (NXT).
