Currently, there are 140.77M common shares owned by the public and among those 139.04M shares have been available to trade.
The company’s stock has a 5-day price change of -11.15% and -43.02% over the past three months. NXT shares are trading -29.39% year to date (YTD), with the 12-month market performance down to -22.37% lower. 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 3.56 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 -15.14%, -23.57%, and -31.56% respectively.
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Institutional ownership of Nextracker Inc (NASDAQ: NXT) shares accounts for 100.69% of the company’s 140.77M shares outstanding.
It has a market capitalization of $4.74B and a beta (3y monthly) value of 2.60. The stock’s trailing 12-month PE ratio is 9.61, while the earnings-per-share (ttm) stands at $3.44. The company has a PEG of 0.24 and a Quick Ratio of 1.84 with the debt-to-equity ratio at 0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.36% over the week and 4.00% over the month.
Earnings per share for the fiscal year are expected to decrease by -0.27%, and 10.24% over the next financial year.
Looking at the support for the NXT, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on September 04, 2024, with the firm’s price target at $46. Susquehanna coverage for the Nextracker Inc (NXT) stock in a research note released on June 28, 2024 offered a Positive rating with a price target of $59. Fox Advisors was of a view on May 15, 2024 that the stock is Overweight, while Northland Capital gave the stock Market Perform rating on April 26, 2024, issuing a price target of $60- $44. Barclays on their part issued Equal Weight rating on April 02, 2024.
