Nextracker Inc (NASDAQ: NXT) has seen a rise in its stock price by 1.77 in relation to its previous close of 48.29. However, the company has experienced a 8.92% gain in its stock price over the last five trading sessions. accessnewswire.com reported 2025-02-19 that NEW YORK, NY / ACCESS Newswire / February 19, 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=130617&wire=1 or contact Joseph E. Levi, Esq.
Is It Worth Investing in Nextracker Inc (NASDAQ: NXT) Right Now?
The price-to-earnings ratio for Nextracker Inc (NASDAQ: NXT) is 12.95x, which is above its average ratio. Moreover, the 36-month beta value for NXT is 2.15. Analysts have varying opinions on the stock, with 17 analysts rating it as a “buy,” 7 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for NXT is 139.14M and currently, short sellers hold a 7.32% of that float. On February 19, 2025, NXT’s average trading volume was 2.60M shares.
NXT’s Market Performance
NXT stock saw an increase of 8.92% in the past week, with a monthly gain of 11.21% and a quarterly increase of 23.60%. The volatility ratio for the week is 3.51%, and the volatility levels for the last 30 days are 4.69% for Nextracker Inc (NXT). The simple moving average for the last 20 days is 6.88% for NXT stock, with a simple moving average of 15.78% for the last 200 days.
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 18.35% 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 -21.13% of loss for the given period.
Volatility was left at 4.69%, however, over the last 30 days, the volatility rate increased by 3.51%, as shares surge +15.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.56% upper at present.
During the last 5 trading sessions, NXT rose by +8.93%, which changed the moving average for the period of 200-days by +14.65% in comparison to the 20-day moving average, which settled at $45.98. In addition, Nextracker Inc saw 34.53% 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 LEDESMA BRUCE, who sale 9,891 shares at the price of $46.05 back on Feb 10 ’25. After this action, LEDESMA BRUCE now owns 132,374 shares of Nextracker Inc, valued at $455,475 using the latest closing price.
BRUCE LEDESMA, the Officer of Nextracker Inc, proposed sale 9,891 shares at $46.12 during a trade that took place back on Feb 10 ’25, which means that BRUCE LEDESMA is holding shares at $456,173 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 80.18. 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 -0.92. When we switch over and look at the enterprise to sales, we see a ratio of 2.3. The receivables turnover for the company is 3.76for 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
To wrap up, the performance of Nextracker Inc (NXT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
