Currently, there are 143.69M common shares owned by the public and among those 139.07M shares have been available to trade.
The company’s stock has a 5-day price change of 26.11% and 19.88% over the past three months. NXT shares are trading 48.07% year to date (YTD), with the 12-month market performance up to 25.21% higher. 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 1.98 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 25.65%, 26.63%, and 33.89% respectively.
Institutional ownership of Nextracker Inc (NASDAQ: NXT) shares accounts for 102.68% of the company’s 143.69M shares outstanding.
It has a market capitalization of $7.88B and a beta (3y monthly) value of 2.19. The stock’s trailing 12-month PE ratio is 14.25, while the earnings-per-share (ttm) stands at $3.80. The company has a PEG of 1.39 and a Quick Ratio of 1.89 with the debt-to-equity ratio at 0.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.72% over the week and 4.77% over the month.
Earnings per share for the fiscal year are expected to increase by 25.51%, and -0.18% over the next financial year.
Looking at the support for the NXT, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on March 17, 2025, with the firm’s price target at $55. Jefferies coverage for the Nextracker Inc (NXT) stock in a research note released on January 29, 2025 offered a Buy rating with a price target of $56. Barclays was of a view on January 29, 2025 that the stock is Overweight, while TD Cowen gave the stock Hold rating on December 19, 2024, issuing a price target of $41. Northland Capital on their part issued Outperform rating on November 19, 2024.
