The stock price of Nextracker Inc (NASDAQ: NXT) has dropped by 0.00 compared to previous close of 44.00. Despite this, the company has seen a fall of -1.85% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that Rising global warming and its adverse impact on Earth makes it important for investors to be socially responsive while creating their investment portfolio. While these stocks and ETFs should gain, rising natural disasters should also boost businesses of disaster recovery stocks.
Is It Worth Investing in Nextracker Inc (NASDAQ: NXT) Right Now?
Nextracker Inc (NASDAQ: NXT) has a price-to-earnings ratio of 26.30x that is above its average ratio. Additionally, the 36-month beta value for NXT is 2.33. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NXT is 130.08M and currently, short sellers hold a 7.55% ratio of that float. The average trading volume of NXT on April 23, 2024 was 3.64M shares.
NXT’s Market Performance
The stock of Nextracker Inc (NXT) has seen a -1.85% decrease in the past week, with a -24.49% drop in the past month, and a -3.11% fall in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are at 4.11% for NXT. The simple moving average for the past 20 days is -13.74% for NXT’s stock, with a -1.29% simple moving average for the past 200 days.
Analysts’ Opinion of NXT
Many brokerage firms have already submitted their reports for NXT stocks, with Barclays repeating the rating for NXT by listing it as a “Equal Weight.” The predicted price for NXT in the upcoming period, according to Barclays is $63 based on the research report published on April 02, 2024 of the current year 2024.
Daiwa Securities, on the other hand, stated in their research note that they expect to see NXT reach a price target of $63. The rating they have provided for NXT stocks is “Outperform” according to the report published on April 01st, 2024.
BMO Capital Markets gave a rating of “Market Perform” to NXT, setting the target price at $69 in the report published on March 22nd of the current year.
NXT Trading at -20.88% from the 50-Day Moving Average
After a stumble in the market that brought NXT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.19% of loss for the given period.
Volatility was left at 4.11%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares sank -24.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.97% lower at present.
During the last 5 trading sessions, NXT fell by -1.85%, which changed the moving average for the period of 200-days by +18.53% in comparison to the 20-day moving average, which settled at $50.29. In addition, Nextracker Inc saw -6.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NXT starting from Schlesinger Leah, who sale 2,149 shares at the price of $51.91 back on Apr 03 ’24. After this action, Schlesinger Leah now owns 11,910 shares of Nextracker Inc, valued at $111,555 using the latest closing price.
Miller Nicholas Marco, the Chief Operating Officer of Nextracker Inc, sale 8,355 shares at $52.67 during a trade that took place back on Apr 02 ’24, which means that Miller Nicholas Marco is holding 11,114 shares at $440,024 based on the most recent closing price.
Stock Fundamentals for NXT
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.25 for the gross margin
The net margin for Nextracker Inc stands at 0.0. The total capital return value is set at 0.27.
Based on Nextracker Inc (NXT), the company’s capital structure generated -0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 1.29. The debt to equity ratio resting at -0.09. The interest coverage ratio of the stock is 314.84.
Currently, EBITDA for the company is 173.11 million with net debt to EBITDA at -0.62. When we switch over and look at the enterprise to sales, we see a ratio of 2.69. The receivables turnover for the company is 3.18for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.
Conclusion
In conclusion, Nextracker Inc (NXT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
