Nextracker Inc [NXT] stock prices are up 0.70% to $37.23 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NXT shares have gain 10.02% over the last week, with a monthly amount drifted -4.22%, 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.
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 $55.25 within the next 12 months. Nextracker Inc [NASDAQ: NXT] shares were valued at $37.23 at the most recent close of the market. An investor can expect a potential return of 48.4% 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 36.63 points at the first support level, and at 36.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.66, and for the 2nd resistance point, it is at 38.10.
Ratios To Look Out For
It’s worth pointing out that Nextracker Inc [NASDAQ:NXT]’s Current Ratio is 2.21. Further, the Quick Ratio stands at 1.90, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 4.22 and price to earnings (TTM) ratio is 10.13.
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.
