A View of Nextracker Inc (NXT) Stock’s Fundamentals and Valuations

A share price of Nextracker Inc [NXT] is currently trading at $38.71, up 1.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NXT shares have gain 12.24% over the last week, with a monthly amount glided 12.27%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Nextracker Inc [NASDAQ: NXT] stock has seen the most recent analyst activity on October 26, 2023, when Northland Capital upgraded its rating to a Outperform but kept the price target unchanged to $45 for it.

Nextracker Inc experienced fluctuations in its stock price throughout the past year between $28.24 and $46.55. Currently, Wall Street analysts expect the stock to reach $51.83 within the next 12 months. Nextracker Inc [NASDAQ: NXT] shares were valued at $38.71 at the most recent close of the market. An investor can expect a potential return of 33.89% based on the average NXT price forecast.

Analyzing the NXT fundamentals

During the last quarter, Nextracker Inc [NASDAQ:NXT] saw sales of 573.36 billion, an improvement of 22.74%. In the same period, the company’s revenue per employee was $3,138,840, whereas its income per employee was $1,886. Gross Margin for this corporation currently stands at +15.04% with Operating Margin at +8.86%, Pretax Margin comes in at +8.89%, and Net Margin reading is +0.06%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.68 points at the first support level, and at 36.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.28, and for the 2nd resistance point, it is at 39.85.

Nextracker Inc [NXT] reported earnings per share of $0.65 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.36/share, meaning a difference of $0.29 and a surprise factor of 80.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.48 per share as compared to estimates of $0.29 per share, a difference of $0.19 representing a surprise of 65.50%.

Ratios To Look Out For

A current ratio of 1.73 is a noteworthy aspect of Nextracker Inc [NASDAQ:NXT]. Further, the Quick Ratio stands at 1.39, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 2.78 and the P/E (TTM) ratio is 20.01.

Transactions by insiders

Insider trading, which has resulted in 8 insider purchases of 28,911 shares and 0 insider sales of 0 shares in the past three months, is now the topic of our analysis. Recent insider trading involved TPG GP A, LLC, 10% Owner, that happened on Jul 03 when 2.52 million shares were sold.