Nextracker Inc (NASDAQ: NXT) is 15.93% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NXT stock was last observed hovering at around $40.85 in the last trading session, with the day’s gains setting it 1.5%.
Currently trading at $42.35, the stock is 11.13% and 10.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.79 million and changing 3.67% at the moment leaves the stock -0.72% off its SMA200. NXT registered 2.74% gain for a year compared to 6-month loss of -11.35%. The firm has a 50-day simple moving average (SMA 50) of $38.278 and a 200-day simple moving average (SMA200) of $42.737225.
The stock witnessed a 15.62% gain in the last 1 month and extending the period to 3 months gives it a 18.83%, and is 4.03% 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 5.47% over the week and 4.79% over the month.
Nextracker Inc (NXT) has around 1050 employees, a market worth around $6.16B and $2.80B in sales. Current P/E ratio is 11.53 and Fwd P/E is 12.83. Profit margin for the company is 17.26%. Distance from 52-week low is 36.92% and -32.03% from its 52-week high. The company has generated returns on investments over the last 12 months (34.39%).
with sales reaching $647.78M over the same period.The EPS is expected to grow by 6.80% this year, but quarterly earnings will post 14.11% year-over-year. Quarterly sales are estimated to shrink -8.82% in year-over-year returns.
Nextracker Inc (NXT) Top Institutional Holders
613.0 institutions hold shares in Nextracker Inc (NXT), with institutional investors hold 106.08% of the company’s shares. The shares outstanding are 143.62M, and float is at 139.25M with Short Float at 8.37%. Institutions hold 105.62% of the Float.
Nextracker Inc (NXT) Insider Activity
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Nextracker Inc disclosed in a document filed with the SEC on May 20 ’24 that LEDESMA BRUCE (President – Strtgy & Admnstrtn) sold a total of 12,135 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $43.91 per share for $0.53 million. Following the transaction, the insider now directly holds 17387.0 shares of the NXT stock.
Still, SEC filings show that on Apr 03 ’24, Schlesinger Leah (GC, Ch Eth & Compl Off’r & Sec) disposed off 2,149 shares at an average price of $51.91 for $0.11 million. The insider now directly holds 11,910 shares of Nextracker Inc (NXT).
