Nextracker Inc (NXT) concluded trading on Wednesday at a closing price of $60.89, with 3.25 million shares of worth about $198.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.88% during that period and on Wednesday the price saw a gain of about 5.64%. Currently the company’s common shares owned by public are about 136.53M shares, out of which, 105.56M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 21 times over the past 12 months. They bought 157,803 shares in 15 of the transactions. In 6 selling transactions, insiders dumped 2,558,660 shares.
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However, the stock later moved at a day high price of 61.41, or with a gain of 5.64%. Stock saw a price change of 9.87% in past 5 days and over the past one month there was a price change of 47.83%. Year-to-date (YTD), NXT shares are showing a performance of 29.97% which increased to 93.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.24 but also hit the highest price of $59.07 during that period. The average intraday trading volume for Nextracker Inc shares is 3.75 million. The stock is currently trading 21.79% above its 20-day simple moving average (SMA20), while that difference is up 31.05% for SMA50 and it goes to 50.19% higher than SMA200.
Nextracker Inc (NASDAQ: NXT) currently have 136.53M outstanding shares and institutions hold larger chunk of about 43.59% of that.
The stock has a current market capitalization of $8.31B and its 3Y-monthly beta is at 1.76. PE ratio of stock for trailing 12 months is 36.39, while it has posted earnings per share of $1.67 in the same period. Its PEG reads 0.97 and has Quick Ratio of 1.46. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NXT, volatility over the week remained 3.84% while standing at 4.79% over the month.
Analysts are in expectations that Nextracker Inc (NXT) stock would likely to be making an EPS of $0.75 in the current quarter, while forecast for next quarter EPS is $0.66 and it is $3.11 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.53 which is $1.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.38 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 147.89% while it is estimated to increase by 17.49% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Guggenheim on February 08, 2024 offering a Buy rating for the stock and assigned a target price of $73 to it.
