Currently, there are 140.77M common shares owned by the public and among those 135.72M shares have been available to trade.
The company’s stock has a 5-day price change of -8.70% and -13.41% over the past three months. NXT shares are trading -3.27% year to date (YTD), with the 12-month market performance up to 13.84% higher. It has a 12-month low price of $32.14 and touched a high of $62.31 over the same period. NXT has an average intraday trading volume of 4.08 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 -16.87%, -9.06%, and -3.42% respectively.
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Institutional ownership of Nextracker Inc (NASDAQ: NXT) shares accounts for 97.74% of the company’s 140.77M shares outstanding.
It has a market capitalization of $6.49B and a beta (3y monthly) value of 2.51. The stock’s trailing 12-month PE ratio is 14.92, while the earnings-per-share (ttm) stands at $3.04. The company has a PEG of 0.37 and a Quick Ratio of 1.64 with the debt-to-equity ratio at 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.20% over the week and 5.06% over the month.
Earnings per share for the fiscal year are expected to decrease by -1.56%, and 12.91% over the next financial year.
Looking at the support for the NXT, a number of firms have released research notes about the stock. Susquehanna stated their Positive rating for the stock in a research note on June 28, 2024, with the firm’s price target at $59. Fox Advisors coverage for the Nextracker Inc (NXT) stock in a research note released on May 15, 2024 offered a Overweight rating with a price target of $60. Northland Capital was of a view on April 26, 2024 that the stock is Market Perform, while Barclays gave the stock Equal Weight rating on April 02, 2024, issuing a price target of $55- $63. Daiwa Securities on their part issued Outperform rating on April 01, 2024.
