The stock price of Nextracker Inc (NASDAQ: NXT) has jumped by 2.82 compared to previous close of 40.85. Despite this, the company has seen a gain of 3.17% in its stock price over the last five trading days. accesswire.com reported 2025-01-14 that NEW YORK, NY / ACCESSWIRE / January 14, 2025 / If you suffered a loss on your Nextracker Inc. (NASDAQ:NXT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/nextracker-inc-lawsuit-submission-form?prid=122820&wire=1 or contact Joseph E. Levi, Esq.
Is It Worth Investing in Nextracker Inc (NASDAQ: NXT) Right Now?
Nextracker Inc (NASDAQ: NXT) has a price-to-earnings ratio that is above its average at 11.43x. The stock has a 36-month beta value of 1.89. Opinions on the stock are mixed, with 17 analysts rating it as a “buy,” 6 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for NXT is 139.25M, and at present, short sellers hold a 8.37% of that float. On January 14, 2025, the average trading volume of NXT was 2.61M shares.
NXT’s Market Performance
NXT stock saw an increase of 3.17% in the past week, with a monthly gain of 14.66% and a quarterly increase of 17.85%. The volatility ratio for the week is 5.75%, and the volatility levels for the last 30 days are 4.89% for Nextracker Inc (NXT). The simple moving average for the last 20 days is 10.27% for NXT’s stock, with a simple moving average of -1.54% 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 previous 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 previous year.
NXT Trading at 9.15% 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 -32.60% of loss for the given period.
Volatility was left at 4.89%, however, over the last 30 days, the volatility rate increased by 5.75%, as shares surge +20.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.53% upper at present.
During the last 5 trading sessions, NXT rose by +4.08%, which changed the moving average for the period of 200-days by -26.97% in comparison to the 20-day moving average, which settled at $38.11. In addition, Nextracker Inc saw 14.97% 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 LEAH SCHLESINGER, who proposed sale 3,629 shares at the price of $36.53 back on Jan 02 ’25. After this action, LEAH SCHLESINGER now owns shares of Nextracker Inc, valued at $132,567 using the latest closing price.
LEDESMA BRUCE, the President – Strtgy & Admnstrtn of Nextracker Inc, sale 12,135 shares at $43.91 during a trade that took place back on May 20 ’24, which means that LEDESMA BRUCE is holding 17,387 shares at $532,828 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 2.01. 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
To sum up, Nextracker Inc (NXT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
