Could Nextracker Inc (NASDAQ: NXT) Post Life-Changing Returns?

In the last trading session, 4.55 million Nextracker Inc (NASDAQ:NXT) shares changed hands as the company’s beta touched 2.32. With the company’s per share price at $43.69 changed hands at -$1.14 or -2.54% during last session, the market valuation stood at $5.97B. NXT’s last price was a discount, traded about -42.23% off its 52-week high of $62.14. The share price had its 52-week low at $29.28, which suggests the last value was 32.98% up since then. When we look at Nextracker Inc’s average trading volume, we note the 3-month average coming to 3.66 million.

Nextracker Inc (NASDAQ:NXT) trade information

Instantly NXT was in red as seen at the end of in last trading. With action -14.65%, the performance over the past five days has been red. The drop to weekly highs of 50.26 subtracted -2.54% to the stock’s daily price. The company’s shares are showing year-to-date downside of -6.74%, with the 5-day performance at -14.65% in the red. However, in the 30-day time frame, Nextracker Inc (NASDAQ:NXT) is -26.56% down.

Nextracker Inc (NXT) estimates and forecasts

Data shows that the Nextracker Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.44% over the past 6 months, a 1,020.83% in annual growth rate that is considerably higher than the industry average of -3.00%.

The 2024 estimates are for Nextracker Inc earnings to increase by 156.62%, but the outlook for the next 5-year period is at 37.70% per year.