At the time of writing, Nextracker Inc [NXT] stock is trading at $36.40, up 3.56%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NXT shares have gain 2.42% over the last week, with a monthly amount drifted -2.67%, 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.
For the past year, the stock price of Nextracker Inc fluctuated between $30.93 and $62.31. Currently, Wall Street analysts expect the stock to reach $55.25 within the next 12 months. Nextracker Inc [NASDAQ: NXT] shares were valued at $36.40 at the most recent close of the market. An investor can expect a potential return of 51.79% based on the average NXT price forecast.
Analyzing the NXT fundamentals
According to Nextracker Inc [NASDAQ:NXT], the company’s sales were 2.80B for trailing twelve months, which represents an 10.85% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 35.60 points at the first support level, and at 34.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.85, and for the 2nd resistance point, it is at 37.30.
Ratios To Look Out For
It is important to note that Nextracker Inc [NASDAQ:NXT] has a current ratio of 2.21. In addition, the Quick Ratio stands at 1.90 and the Cash Ratio stands at 0.7. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 4.13 and price to earnings (TTM) ratio is 9.91.
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.
