The stock of Nextracker Inc (NXT) has seen a -2.65% decrease in the past week, with a -7.62% drop in the past month, and a -27.48% decrease in the past quarter. The volatility ratio for the week is 3.63%, and the volatility levels for the past 30 days are at 3.78% for NXT. The simple moving average for the past 20 days is -5.83% for NXT’s stock, with a -27.89% simple moving average for the past 200 days.
Is It Worth Investing in Nextracker Inc (NASDAQ: NXT) Right Now?
Nextracker Inc (NASDAQ: NXT) has a higher price-to-earnings ratio of 9.94x compared to its average ratio, The 36-month beta value for NXT is at 2.48. Analysts have varying views on the stock, with 18 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for NXT is 139.04M, and currently, shorts hold a 9.53% of that float. The average trading volume for NXT on October 16, 2024 was 2.97M shares.
NXT) stock’s latest price update
Nextracker Inc (NASDAQ: NXT) has seen a decline in its stock price by -2.92 in relation to its previous close of 35.23. However, the company has experienced a -2.65% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-10-11 that CALGARY, AB / ACCESSWIRE / October 11, 2024 / NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has been awarded the “Best Exploration Technology” at the 2024 Gulf Energy Information Excellence Awards, on October 9, 2024 in Houston. The awards spotlight the energy industry’s leading innovations and thought leaders whose innovations today are enabling operators to find, produce, transport and process hydrocarbons more safely, economically, efficiently and sustainably.
Analysts’ Opinion of NXT
Many brokerage firms have already submitted their reports for NXT stocks, with Jefferies repeating the rating for NXT by listing it as a “Hold.” The predicted price for NXT in the upcoming period, according to Jefferies is $46 based on the research report published on September 04, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see NXT reach a price target of $59. The rating they have provided for NXT stocks is “Positive” according to the report published on June 28th, 2024.
Fox Advisors gave a rating of “Overweight” to NXT, setting the target price at $60 in the report published on May 15th of the current year.
NXT Trading at -9.17% 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 -45.11% of loss for the given period.
Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 3.63%, as shares sank -8.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.09% lower at present.
During the last 5 trading sessions, NXT fell by -2.65%, which changed the moving average for the period of 200-days by -27.92% in comparison to the 20-day moving average, which settled at $36.32. In addition, Nextracker Inc saw -27.00% 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 LEDESMA BRUCE, who sale 12,135 shares at the price of $43.91 back on May 20 ’24. After this action, LEDESMA BRUCE now owns 17,387 shares of Nextracker Inc, valued at $532,828 using the latest closing price.
Schlesinger Leah, the GC, Ch Eth & Compl Off’r & Sec of Nextracker Inc, sale 2,149 shares at $51.91 during a trade that took place back on Apr 03 ’24, which means that Schlesinger Leah is holding 11,910 shares at $111,555 based on the most recent closing price.
Stock Fundamentals for NXT
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.34 for the gross margin
The net margin for Nextracker Inc stands at 0.15. The total capital return value is set at 0.37.
Based on Nextracker Inc (NXT), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 2.18. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 51.99.
Currently, EBITDA for the company is 591.48 million with net debt to EBITDA at -0.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.67. The receivables turnover for the company is 2.94for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.
Conclusion
In conclusion, Nextracker Inc (NXT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
