At the time of writing, Nextracker Inc [NXT] stock is trading at $37.56, up 3.16%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NXT shares have gain 3.02% over the last week, with a monthly amount drifted -8.68%, 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 September 04, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $46. Previously, Susquehanna started tracking the stock with Positive rating on June 28, 2024, and set its price target to $59. On May 15, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $60 on the stock. Northland Capital downgraded its rating to a Market Perform and decreased its price target to $44 on April 26, 2024. Barclays downgraded its rating to a Equal Weight and raised its price target to $63 on April 02, 2024. Daiwa Securities started tracking with a Outperform rating for this stock on April 01, 2024, and assigned it a price target of $63. In a note dated March 22, 2024, BMO Capital Markets initiated an Market Perform rating and provided a target price of $69 on this stock.
For the past year, the stock price of Nextracker Inc fluctuated between $32.14 and $62.31. Currently, Wall Street analysts expect the stock to reach $55.64 within the next 12 months. Nextracker Inc [NASDAQ: NXT] shares were valued at $37.56 at the most recent close of the market. An investor can expect a potential return of 48.14% based on the average NXT price forecast.
Analyzing the NXT fundamentals
According to Nextracker Inc [NASDAQ:NXT], the company’s sales were 2.74B for trailing twelve months, which represents an 50.13% jump. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is -0.45 and Total Capital is 0.37. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
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 37.04 points at the first support level, and at 36.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.40, and for the 2nd resistance point, it is at 39.23.
Ratios To Look Out For
It is important to note that Nextracker Inc [NASDAQ:NXT] has a current ratio of 2.11. Also, the Quick Ratio is 1.84, while the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 1.97, the price to book ratio is 4.80 and price to earnings (TTM) ratio is 10.92.
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.
