Nextracker Inc (NXT) concluded trading on Wednesday at a closing price of $41.63, with 9.34 million shares of worth about $388.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.80% during that period and on November 06, 2024 the price saw a loss of about -5.58%. Currently the company’s common shares owned by public are about 140.77M shares, out of which, 139.04M shares are available for trading.
Stock saw a price change of 30.22% in past 5 days and over the past one month there was a price change of 18.50%. Year-to-date (YTD), NXT shares are showing a performance of -11.14% which increased to 12.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.93 but also hit the highest price of $62.31 during that period. The average intraday trading volume for Nextracker Inc shares is 3.00 million. The stock is currently trading 18.28% above its 20-day simple moving average (SMA20), while that difference is up 15.09% for SMA50 and it goes to -11.01% lower than SMA200.
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Nextracker Inc (NASDAQ: NXT) currently have 140.77M outstanding shares and institutions hold larger chunk of about 101.60% of that.
The stock has a current market capitalization of $6.06B and its 3Y-monthly beta is at 2.30. PE ratio of stock for trailing 12 months is 11.33, while it has posted earnings per share of $3.67 in the same period. Its PEG reads 1.13 and has Quick Ratio of 1.90 while making debt-to-equity ratio of 0.12. 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 9.30% while standing at 4.94% over the month.
Stock’s fiscal year EPS is expected to rise by 6.26% while it is estimated to increase by 2.23% 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 Jefferies on September 04, 2024 offering a Hold rating for the stock and assigned a target price of $46 to it. Coverage by Susquehanna stated Nextracker Inc (NXT) stock as a Positive in their note to investors on June 28, 2024, suggesting a price target of $59 for the stock. On May 15, 2024, Fox Advisors Upgrade their recommendations, while on April 26, 2024, Northland Capital Downgrade their ratings for the stock with a price target of $44. Stock get an Equal weight rating from Barclays on April 02, 2024.
