When Is Nextracker Inc (NXT) Going To Be Good Investment?

Nextracker Inc (NASDAQ:NXT) has a beta value of 2.66 and has seen 3.89 million shares traded in the last trading session. The company, currently valued at $7.86B, closed the last trade at $55.65 per share which meant it lost -$0.16 on the day or -0.29% during that session. The NXT stock price is -11.66% off its 52-week high price of $62.14 and 42.25% above the 52-week low of $32.14. The 3-month trading volume is 3.55 million shares.

Nextracker Inc (NASDAQ:NXT) trade information

Sporting -0.29% in the red in last session, the stock has traded in the green over the last five days, when the NXT stock price touched $55.65 or saw a rise of 3.17%. Year-to-date, Nextracker Inc shares have moved 18.78%, while the 5-day performance has seen it change 0.87%. Over the past 30 days, the shares of Nextracker Inc (NASDAQ:NXT) have changed 27.26%.

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Nextracker Inc (NXT) estimates and forecasts

Figures show that Nextracker Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 40.64% over the past 6 months, with this year growth rate of -5.56%, compared to -4.40% for the industry.

Earnings growth for 2024 is a modest -1.74% while over the next 5 years, the company’s earnings are expected to increase by 40.20%.

NXT Dividends

Nextracker Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.