In the past week, NXT stock has gone up by 11.03%, with a monthly decline of -6.82% and a quarterly plunge of -14.80%. The volatility ratio for the week is 3.68%, and the volatility levels for the last 30 days are 4.07% for Nextracker Inc The simple moving average for the past 20 days is 4.98% for NXT’s stock, with a 5.86% simple moving average for the past 200 days.
Is It Worth Investing in Nextracker Inc (NASDAQ: NXT) Right Now?
The price-to-earnings ratio for Nextracker Inc (NASDAQ: NXT) is above average at 28.40x. The 36-month beta value for NXT is also noteworthy at 2.44. 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 at present, short sellers hold a 8.82% of that float. The average trading volume of NXT on May 07, 2024 was 3.12M shares.
NXT) stock’s latest price update
Nextracker Inc (NASDAQ: NXT) has seen a rise in its stock price by 1.32 in relation to its previous close of 46.89. However, the company has experienced a 11.03% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that Nextracker (NXT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of NXT
Many brokerage firms have already submitted their reports for NXT stocks, with Northland Capital repeating the rating for NXT by listing it as a “Market Perform.” The predicted price for NXT in the upcoming period, according to Northland Capital is $44 based on the research report published on April 26, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see NXT reach a price target of $63, previously predicting the price at $55. The rating they have provided for NXT stocks is “Equal Weight” according to the report published on April 02nd, 2024.
Daiwa Securities gave a rating of “Outperform” to NXT, setting the target price at $63 in the report published on April 01st of the current year.
NXT Trading at -9.36% 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 -23.54% of loss for the given period.
Volatility was left at 4.07%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares sank -7.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.48% lower at present.
During the last 5 trading sessions, NXT rose by +10.80%, which changed the moving average for the period of 200-days by +21.19% in comparison to the 20-day moving average, which settled at $45.07. In addition, Nextracker Inc saw 1.41% in overturn over a single year, with a tendency to cut further gains.
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 2.73. 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 summary, Nextracker Inc (NXT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
