Nextracker Inc (NASDAQ: NXT) is 62.36% higher on its value in year-to-date trading and has touched a low of $30.93 and a high of $63.19 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 $61.59 in the last trading session, with the day’s loss setting it -2.28%.
Currently trading at $59.31, the stock is 29.46% and 35.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.32 million and changing -3.70% at the moment leaves the stock 46.18% off its SMA200. NXT registered 37.90% gain for a year compared to 6-month gain of 55.34%.
The stock witnessed a 49.32% loss in the last 1 month and extending the period to 3 months gives it a 25.39%, and is 27.44% 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 8.70% over the week and 5.60% over the month.
Nextracker Inc (NXT) has around 1050 employees, a market worth around $8.64B and $2.96B in sales. Current P/E ratio is 17.15 and Fwd P/E is 13.70. Profit margin for the company is 17.21%. Distance from 52-week low is 91.76% and -6.14% from its 52-week high. The company has generated returns on investments over the last 12 months (31.27%).
with sales reaching $848.73M over the same period.The EPS is expected to shrink by -8.40% this year, but quarterly earnings will post 12.20% year-over-year. Quarterly sales are estimated to grow 17.89% in year-over-year returns.
Nextracker Inc (NXT) Top Institutional Holders
The shares outstanding are 143.71M, and float is at 142.05M with Short Float at 6.17%.
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
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 27,453 shares of the company’s common stock on May 16 ’25 at a price of $60.17 per share for a total of $1.65 million. Following the sale, the insider now owns 0.12 million shares.
Nextracker Inc disclosed in a document filed with the SEC on May 15 ’25 that Wenger Howard (President) sold a total of 5,703 shares of the company’s common stock. The trade occurred on May 15 ’25 and was made at $60.00 per share for $0.34 million. Following the transaction, the insider now directly holds 0.21 million shares of the NXT stock.
Still, SEC filings show that on May 16 ’25, LEDESMA BRUCE (Officer) Proposed Sale 27,453 shares at an average price of $60.17 for $1.65 million. The insider now directly holds shares of Nextracker Inc (NXT).
