In last trading session, Nextracker Inc (NASDAQ:NXT) saw 4.27 million shares changing hands with its beta currently measuring 2.65. Company’s recent per share price level of $60.28 trading at $1.36 or 2.31% at ring of the bell on the day assigns it a market valuation of $8.52B. That closing price of NXT’s stock is at a discount of -3.09% from its 52-week high price of $62.14 and is indicating a premium of 46.68% from its 52-week low price of $32.14. Taking a look at company’s average trading volume volume of 3.65 million if we extend that period to 3-months.
Nextracker Inc (NASDAQ:NXT) trade information
Upright in the green during last session for gaining 2.31%, in the last five days NXT remained trading in the green while hitting it’s week-highest on Wednesday, 06/12/24 when the stock touched $60.28 price level, adding 3.18% to its value on the day. Nextracker Inc’s shares saw a change of 28.67% in year-to-date performance and have moved 7.03% in past 5-day. Nextracker Inc (NASDAQ:NXT) showed a performance of 39.96% in past 30-days.
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Nextracker Inc (NXT) estimates and forecasts
Statistics highlight that Nextracker Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 47.10% of value to its shares in past 6 months, showing an annual growth rate of -5.56% while that of industry is -4.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around -1.74% while estimates for its earnings growth in next 5 years are of 40.20%.
NXT Dividends
Nextracker Inc is more likely to be releasing its next quarterly report in July and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
