Nextracker Inc (NASDAQ: NXT) is 33.72% higher on its value in year-to-date trading and has touched a low of $30.93 and a high of $67.87 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 $62.95 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $63.41, the stock is 3.07% and 6.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing 0.73% at the moment leaves the stock 39.82% off its SMA200. NXT registered 73.58% gain for a year compared to 6-month gain of 53.91%. The firm has a 50-day simple moving average (SMA 50) of $59.2889 and a 200-day simple moving average (SMA200) of $45.3525.
The stock witnessed a 10.74% loss in the last 1 month and extending the period to 3 months gives it a 58.01%, and is 4.84% 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 3.30% over the week and 4.42% over the month.
Nextracker Inc (NXT) has around 1300 employees, a market worth around $9.37B and $2.96B in sales. Current P/E ratio is 18.30 and Fwd P/E is 14.52. Profit margin for the company is 17.21%. Distance from 52-week low is 105.01% and -6.57% from its 52-week high. The company has generated returns on investments over the last 12 months (30.79%).
The EPS is expected to shrink by -7.71% this year
682.0 institutions hold shares in Nextracker Inc (NXT), with institutional investors hold 106.66% of the company’s shares. The shares outstanding are 145.65M, and float is at 145.09M with Short Float at 5.46%. Institutions hold 106.15% of the Float.
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 Wenger Howard, the company’s President. SEC filings show that Wenger Howard sold 5,216 shares of the company’s common stock on Jul 03 ’25 at a price of $65.00 per share for a total of $0.34 million. Following the sale, the insider now owns 0.42 million shares.
Still, SEC filings show that on Jul 01 ’25, Miller Nicholas Marco (Chief Operating Officer) disposed off 946 shares at an average price of $54.27 for $51339.0. The insider now directly holds 169,054 shares of Nextracker Inc (NXT).
