Nextracker Inc (NASDAQ: NXT) is 38.60% 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 $46.54 in the last trading session, with the day’s gains setting it 4.09%.
Currently trading at $50.63, the stock is 19.47% and 19.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.31 million and changing 8.79% at the moment leaves the stock 25.45% off its SMA200. NXT registered 15.78% gain for a year compared to 6-month loss of 21.62%.
The stock witnessed a 34.12% gain in the last 1 month and extending the period to 3 months gives it a 10.21%, and is 23.13% 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 4.43% over the week and 4.76% over the month.
Nextracker Inc (NXT) has around 1050 employees, a market worth around $7.28B and $2.77B in sales. Current P/E ratio is 13.34 and Fwd P/E is 13.21. Profit margin for the company is 20.12%. Distance from 52-week low is 63.69% and -18.74% from its 52-week high. The company has generated returns on investments over the last 12 months (36.08%).
The EPS is expected to grow by 25.51% this year.
Nextracker Inc (NXT) Top Institutional Holders
The shares outstanding are 143.69M, and float is at 139.07M with Short Float at 6.30%.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.86 million shares valued at $931.18 million. The investor’s holdings represent 13.978% of the NXT Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 13.14 million shares valued at $616.2 million to account for 9.2498 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 12.98 million shares representing 9.1377% and valued at over $608.73 million, while PRIMECAP MANAGEMENT CO/CA/ holds 5.6234 of the shares totaling 7.99 million with a market value of $374.61 million.
Nextracker Inc (NXT) Insider Activity
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Still, SEC filings show that on Apr 02 ’25, SHUGAR DANIEL S (Officer) Proposed Sale 27,114 shares at an average price of $43.08 for $1.17 million. The insider now directly holds shares of Nextracker Inc (NXT).
