Nextracker Inc [NXT] stock prices are down -0.59% to $47.14 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NXT shares have lost -1.98% over the last week, with a monthly amount drifted -13.96%, and not 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 June 28, 2024, when Susquehanna initiated its Positive rating and assigned the stock a price target of $59. Previously, Fox Advisors upgraded its rating to Overweight on May 15, 2024, and kept the price target unchanged to $60. On April 26, 2024, downgrade downgraded it’s rating to Market Perform and revised its price target to $44 on the stock. Barclays downgraded its rating to a Equal Weight and increased its price target to $63 on April 02, 2024. Daiwa Securities initiated its recommendation with a Outperform and recommended $63 as its price target on April 01, 2024. BMO Capital Markets started tracking with a Market Perform rating for this stock on March 22, 2024, and assigned it a price target of $69. In a note dated March 21, 2024, Robert W. Baird initiated an Outperform rating and provided a target price of $71 on this stock.
The stock price of Nextracker Inc [NXT] has been fluctuating between $32.14 and $62.31 over the past year. Currently, Wall Street analysts expect the stock to reach $56.08 within the next 12 months. Nextracker Inc [NASDAQ: NXT] shares were valued at $47.14 at the most recent close of the market. An investor can expect a potential return of 18.96% based on the average NXT price forecast.
Analyzing the NXT fundamentals
The Nextracker Inc [NASDAQ:NXT] reported sales of 2.50B for trailing twelve months, representing a surge of 42.08%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is -0.15 and Total Capital is 0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.
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 46.58 points at the first support level, and at 46.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.66, and for the 2nd resistance point, it is at 48.18.
Ratios To Look Out For
It’s worth pointing out that Nextracker Inc [NASDAQ:NXT]’s Current Ratio is 1.98. On the other hand, the Quick Ratio is 1.64, and the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 2.70, the price to book ratio is 6.91 and price to earnings (TTM) ratio is 15.52.
Transactions by insiders
Recent insider trading involved LEDESMA BRUCE, President – Strtgy & Admnstrtn, that happened on May 20 ’24 when 12135.0 shares were sold. GC, Ch Eth & Compl Off’r & Sec, Schlesinger Leah completed a deal on Apr 03 ’24 to sell 2149.0 shares. Meanwhile, Chief Operating Officer Miller Nicholas Marco sold 8355.0 shares on Apr 02 ’24.
