Currently, there are 136.53M common shares owned by the public and among those 105.56M 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.
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The company’s stock has a 5-day price change of 24.72% and 53.91% over the past three months. It has a 12-month low price of $28.24 and touched a high of $58.29 over the same period. NXT has an average intraday trading volume of 3.51 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 25.75%, 27.60%, and 41.39% respectively.
Institutional ownership of Nextracker Inc (NASDAQ: NXT) shares accounts for 38.96% of the company’s 136.53M shares outstanding.
It has a market capitalization of $7.67B and a beta (3y monthly) value of 1.77. The stock’s trailing 12-month PE ratio is 43.62, while the earnings-per-share (ttm) stands at $1.29. The company has a PEG of 1.16 and a Quick Ratio of 1.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.74% over the week and 5.24% over the month.
Analysts forecast that Nextracker Inc (NXT) will achieve an EPS of $0.75 for the current quarter, $0.67 for the next quarter and $3.13 for 2025. The lowest estimate earnings-per-share for the quarter is $0.53 while analysts give the company a high EPS estimate of $1.11. Comparatively, EPS for the current quarter was $0.38 a year ago. Earnings per share for the fiscal year are expected to increase by 147.77%, and 17.56% over the next financial year.
Looking at the support for the NXT, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on January 16, 2024, with the firm’s price target at $62.
