Nextracker Inc [NXT] stock prices are down -3.79% to $38.87 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NXT shares have gain 6.79% over the last week, with a monthly amount glided 19.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Jefferies started tracking the stock with Hold rating on September 04, 2024, and set its price target to $46. On June 28, 2024, Susquehanna initiated with a Positive rating and assigned a price target of $59 on the stock. Fox Advisors upgraded its rating to a Overweight but stick to its price target of $60 on May 15, 2024. Northland Capital downgraded its rating to a Market Perform and reduced its price target to $44 on April 26, 2024. Barclays downgraded its rating to Equal Weight for this stock on April 02, 2024, and upped its price target to $63. In a note dated April 01, 2024, Daiwa Securities initiated an Outperform rating and provided a target price of $63 on this stock.
The stock price of Nextracker Inc [NXT] has been fluctuating between $30.93 and $62.31 over the past year. Currently, Wall Street analysts expect the stock to reach $56.36 within the next 12 months. Nextracker Inc [NASDAQ: NXT] shares were valued at $38.87 at the most recent close of the market. An investor can expect a potential return of 45.0% based on the average NXT price forecast.
Analyzing the NXT fundamentals
The Nextracker Inc [NASDAQ:NXT] reported sales of 2.80B for trailing twelve months, representing a surge of 10.85%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 7.37 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 0.12.
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 38.19 points at the first support level, and at 37.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.77, and for the 2nd resistance point, it is at 40.67.
Ratios To Look Out For
It’s worth pointing out that Nextracker Inc [NASDAQ:NXT]’s Current Ratio is 2.21. As well, the Quick Ratio is 1.90, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 2.02, the price to book ratio is 4.41 and price to earnings (TTM) ratio is 10.58.
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.
