In the past week, NXT stock has gone up by 25.57%, with a monthly gain of 25.95% and a quarterly surge of 24.94%. The volatility ratio for the week is 5.54%, and the volatility levels for the last 30 days are 5.30% for Nextracker Inc The simple moving average for the past 20 days is 13.31% for NXT’s stock, with a 17.63% 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 price-to-earnings ratio of 13.11x that is above its average ratio. Additionally, the 36-month beta value for NXT is 2.15. There are mixed opinions on the stock, with 17 analysts rating it as a “buy,” 7 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for NXT is 139.25M and currently, short sellers hold a 8.34% ratio of that float. The average trading volume of NXT on February 05, 2025 was 2.72M shares.
NXT) stock’s latest price update
The stock price of Nextracker Inc (NASDAQ: NXT) has surged by 2.37 when compared to previous closing price of 48.60, but the company has seen a 25.57% gain in its stock price over the last five trading sessions. accessnewswire.com reported 2025-02-04 that NEW YORK, NY / ACCESS Newswire / February 4, 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=127125&wire=1 or contact Joseph E. Levi, Esq.
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 “Buy.” The predicted price for NXT in the upcoming period, according to Jefferies is $56 based on the research report published on January 29, 2025 of the current year 2025.
Barclays, on the other hand, stated in their research note that they expect to see NXT reach a price target of $60, previously predicting the price at $47. The rating they have provided for NXT stocks is “Overweight” according to the report published on January 29th, 2025.
TD Cowen gave a rating of “Hold” to NXT, setting the target price at $41 in the report published on December 19th of the previous year.
NXT Trading at 24.57% 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 -20.16% of loss for the given period.
Volatility was left at 5.30%, however, over the last 30 days, the volatility rate increased by 5.54%, as shares surge +25.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.68% upper at present.
During the last 5 trading sessions, NXT rose by +25.57%, which changed the moving average for the period of 200-days by +11.15% in comparison to the 20-day moving average, which settled at $43.91. In addition, Nextracker Inc saw 36.19% 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 TPG Rise Flash, L.P., who proposed sale 1,908,827 shares at the price of $48.60 back on Feb 04 ’25. After this action, TPG Rise Flash, L.P. now owns shares of Nextracker Inc, valued at $92,768,992 using the latest closing price.
TPG Rise Climate Flash CI BDH, the Stockholder of Nextracker Inc, proposed sale 249,182 shares at $48.60 during a trade that took place back on Feb 04 ’25, which means that TPG Rise Climate Flash CI BDH, is holding shares at $12,110,245 based on the most recent closing price.
Stock Fundamentals for NXT
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.38 for the gross margin
The net margin for Nextracker Inc stands at 0.2. The total capital return value is set at 0.34.
Based on Nextracker Inc (NXT), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 68.14. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 66.51.
Currently, EBITDA for the company is 591.48 million with net debt to EBITDA at -0.94. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 6.05for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.20.
Conclusion
In conclusion, Nextracker Inc (NXT) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
