Nextracker Inc (NASDAQ: NXT) is 29.48% 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 $45.91 in the last trading session, with the day’s gains setting it 1.39%.
Currently trading at $47.30, the stock is 4.09% and 15.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.2 million and changing 3.03% at the moment leaves the stock 11.59% off its SMA200. NXT registered -17.94% loss for a year compared to 6-month gain of 23.63%. The firm has a 50-day simple moving average (SMA 50) of $41.1242 and a 200-day simple moving average (SMA200) of $42.387024.
The stock witnessed a 10.70% loss in the last 1 month and extending the period to 3 months gives it a 23.89%, and is 2.56% 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 3.68% over the week and 4.77% over the month.
Nextracker Inc (NXT) has around 1050 employees, a market worth around $6.79B and $2.77B in sales. Current P/E ratio is 12.46 and Fwd P/E is 12.77. Profit margin for the company is 20.12%. Distance from 52-week low is 52.93% and -24.09% from its 52-week high. The company has generated returns on investments over the last 12 months (36.08%).
with sales reaching $828.05M over the same period.The EPS is expected to grow by 23.26% this year, but quarterly earnings will post 14.59% year-over-year. Quarterly sales are estimated to grow 12.43% in year-over-year returns.
Nextracker Inc (NXT) Top Institutional Holders
613.0 institutions hold shares in Nextracker Inc (NXT), with institutional investors hold 110.79% of the company’s shares. The shares outstanding are 143.69M, and float is at 139.22M with Short Float at 7.32%. Institutions hold 110.23% of the Float.
The top institutional shareholder in the company is FMR LLC with over 13.14 million shares valued at $616.2 million. The investor’s holdings represent 9.2498% of the NXT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.98 million shares valued at $608.73 million to account for 9.1377 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 7.99 million shares representing 5.6234% and valued at over $374.61 million, while STATE STREET CORP holds 3.0824 of the shares totaling 4.38 million with a market value of $205.34 million.
Nextracker Inc (NXT) Insider Activity
The most recent transaction is an insider sale by LEDESMA BRUCE, the company’s Chief Legal & Compliance Ofc. SEC filings show that LEDESMA BRUCE sold 9,891 shares of the company’s common stock on Feb 10 ’25 at a price of $46.05 per share for a total of $0.46 million. Following the sale, the insider now owns 0.13 million shares.
Still, SEC filings show that on Feb 04 ’25, TPG Rise Flash, L.P. (Stockholder) Proposed Sale 1,908,827 shares at an average price of $48.60 for $92.77 million. The insider now directly holds shares of Nextracker Inc (NXT).
