Currently, there are 136.53M common shares owned by the public and among those 123.39M shares have been available to trade.
The company’s stock has a 5-day price change of -4.37% and 20.16% over the past three months. NXT shares are trading 22.77% year to date (YTD), with the 12-month market performance up to 97.87% higher. It has a 12-month low price of $28.49 and touched a high of $62.14 over the same period. NXT has an average intraday trading volume of 4.41 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 -1.99%, 8.63%, and 33.16% respectively.
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
Institutional ownership of Nextracker Inc (NASDAQ: NXT) shares accounts for 45.35% of the company’s 136.53M shares outstanding.
It has a market capitalization of $7.85B and a beta (3y monthly) value of 1.96. The stock’s trailing 12-month PE ratio is 34.38, while the earnings-per-share (ttm) stands at $1.67. The company has a PEG of 0.91 and a Quick Ratio of 1.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.12% over the week and 3.96% over the month.
Analysts forecast that Nextracker Inc (NXT) will achieve an EPS of $0.74 for the current quarter, $0.67 for the next quarter and $3.11 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 149.60%, and 16.17% over the next financial year.
Looking at the support for the NXT, a number of firms have released research notes about the stock. Guggenheim stated their Buy rating for the stock in a research note on February 08, 2024, with the firm’s price target at $73. Goldman coverage for the Nextracker Inc (NXT) stock in a research note released on January 16, 2024 offered a Buy rating with a price target of $62. Wells Fargo was of a view on January 08, 2024 that the stock is Overweight, while Piper Sandler gave the stock Overweight rating on December 19, 2023, issuing a price target of $60. Northland Capital on their part issued Outperform rating on October 26, 2023.
