Currently, there are 143.62M common shares owned by the public and among those 139.25M shares have been available to trade.
The company’s stock has a 5-day price change of -6.73% and 26.62% over the past three months. NXT shares are trading 8.46% year to date (YTD), with the 12-month market performance down to -9.32% lower. It has a 12-month low price of $30.93 and touched a high of $62.31 over the same period. NXT has an average intraday trading volume of 2.70 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 -3.29%, 2.33%, and -6.12% respectively.
Institutional ownership of Nextracker Inc (NASDAQ: NXT) shares accounts for 100.81% of the company’s 143.62M shares outstanding.
It has a market capitalization of $5.77B and a beta (3y monthly) value of 2.04. The stock’s trailing 12-month PE ratio is 10.78, while the earnings-per-share (ttm) stands at $3.67. The company has a PEG of 2.24 and a Quick Ratio of 1.90 with the debt-to-equity ratio at 0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.64% over the week and 4.95% over the month.
Earnings per share for the fiscal year are expected to increase by 6.82%, and 0.56% over the next financial year.
Looking at the support for the NXT, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on December 19, 2024, with the firm’s price target at $41. Northland Capital coverage for the Nextracker Inc (NXT) stock in a research note released on November 19, 2024 offered a Outperform rating with a price target of $48. Jefferies was of a view on September 04, 2024 that the stock is Hold, while Susquehanna gave the stock Positive rating on June 28, 2024, issuing a price target of $59. Fox Advisors on their part issued Overweight rating on May 15, 2024.
