Nextracker Inc [NXT] stock is trading at $33.84, down -3.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NXT shares have lost -3.89% over the last week, with a monthly amount drifted -7.03%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nextracker Inc [NASDAQ: NXT] stock has seen the most recent analyst activity on December 19, 2024, when TD Cowen initiated its Hold rating and assigned the stock a price target of $41. On September 04, 2024, Jefferies initiated with a Hold rating and assigned a price target of $46 on the stock. Susquehanna started tracking the stock assigning a Positive rating and suggested a price target of $59 on June 28, 2024. Fox Advisors upgraded its rating to a Overweight but $60 remained the price target by the analyst firm on May 15, 2024. Northland Capital downgraded its rating to Market Perform for this stock on April 26, 2024, and downed its price target to $44. In a note dated April 02, 2024, Barclays downgraded an Equal Weight rating on this stock and boosted its target price from $55 to $63.
Nextracker Inc [NXT] stock has fluctuated between $30.93 and $62.31 over the past year. Currently, Wall Street analysts expect the stock to reach $55.25 within the next 12 months. Nextracker Inc [NASDAQ: NXT] shares were valued at $33.84 at the most recent close of the market. An investor can expect a potential return of 63.27% based on the average NXT price forecast.
Analyzing the NXT fundamentals
Nextracker Inc [NASDAQ:NXT] reported sales of 2.80B for the trailing twelve months, which represents a growth 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 33.26 points at the first support level, and at 32.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.91, and for the 2nd resistance point, it is at 35.99.
Ratios To Look Out For
For context, Nextracker Inc’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 1.76, the price to book ratio is 3.84 and price to earnings (TTM) ratio is 9.21.
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.
