Nextracker Inc (NASDAQ: NXT) has a higher price-to-earnings ratio of 10.00x compared to its average ratio, The 36-month beta value for NXT is at 2.09. Analysts have varying views on the stock, with 17 analysts rating it as a “buy,” 6 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for NXT is 139.25M, and currently, shorts hold a 7.72% of that float. The average trading volume for NXT on December 26, 2024 was 2.61M shares.
NXT) stock’s latest price update
The stock of Nextracker Inc (NASDAQ: NXT) has increased by 0.93 when compared to last closing price of 36.40. Despite this, the company has experienced a 3.16% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-24 that Nextracker (NXT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
NXT’s Market Performance
Nextracker Inc (NXT) has seen a 3.16% rise in stock performance for the week, with a -5.15% decline in the past month and a 1.21% surge in the past quarter. The volatility ratio for the week is 5.55%, and the volatility levels for the past 30 days are at 4.92% for NXT. The simple moving average for the last 20 days is -0.41% for NXT stock, with a simple moving average of -16.10% for the last 200 days.
Analysts’ Opinion of NXT
Many brokerage firms have already submitted their reports for NXT stocks, with TD Cowen repeating the rating for NXT by listing it as a “Hold.” The predicted price for NXT in the upcoming period, according to TD Cowen is $41 based on the research report published on December 19, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see NXT reach a price target of $48. The rating they have provided for NXT stocks is “Outperform” according to the report published on November 19th, 2024.
Jefferies gave a rating of “Hold” to NXT, setting the target price at $46 in the report published on September 04th of the current year.
NXT Trading at -0.06% 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 -41.04% of loss for the given period.
Volatility was left at 4.92%, however, over the last 30 days, the volatility rate increased by 5.55%, as shares sank -9.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.29% upper at present.
During the last 5 trading sessions, NXT rose by +2.86%, which changed the moving average for the period of 200-days by -38.97% in comparison to the 20-day moving average, which settled at $36.89. In addition, Nextracker Inc saw -21.34% 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
- 0.36 for the gross margin
The net margin for Nextracker Inc stands at 0.17. The total capital return value is set at 0.36.
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 3.06. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 102.62.
Currently, EBITDA for the company is 591.48 million with net debt to EBITDA at -0.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.73. The receivables turnover for the company is 3.91for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
In conclusion, Nextracker Inc (NXT) has had a mixed 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.
