Currently, there are 62.10M common shares owned by the public and among those 48.24M shares have been available to trade.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 157,803 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 2,558,660 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
However, the script later moved the day high at 47.63, down -4.53%. The company’s stock has a 5-day price change of 8.19% and 7.29% over the past three months. It has a 12-month low price of $28.24 and touched a high of $48.75 over the same period. NXT has an average intraday trading volume of 1.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.15%, 18.82%, and 20.08% respectively.
Institutional ownership of Nextracker Inc (NASDAQ: NXT) shares accounts for 82.59% of the company’s 62.10M shares outstanding.
It has a market capitalization of $2.81B. The stock’s trailing 12-month PE ratio is 23.42, while the earnings-per-share (ttm) stands at $1.94. The company has a PEG of 0.61 and a Quick Ratio of 1.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.03% over the week and 4.59% over the month.
Analysts forecast that Nextracker Inc (NXT) will achieve an EPS of $0.49 for the current quarter, $0.55 for the next quarter and $2.55 for 2025. The lowest estimate earnings-per-share for the quarter is $0.41 while analysts give the company a high EPS estimate of $0.6. Earnings per share for the fiscal year are expected to increase by 105.35%, and 19.80% over the next financial year.
Looking at the support for the NXT, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on Dec-20-23, with the firm’s price target at $60.
