Nextracker Inc (NASDAQ: NXT) Could Be A Life-Changing Stock?

In the latest trading session, 0.71 million Nextracker Inc (NASDAQ:NXT) shares changed hands as the company’s beta touched 2.65. With the company’s most recent per share price at $58.26 changed hands at -$0.99 or -1.67% at last look, the market valuation stands at $8.23B. NXT’s current price is a discount, trading about -6.95% off its 52-week high of $62.31. The share price had its 52-week low at $32.14, which suggests the last value was 44.83% up since then. When we look at Nextracker Inc’s average trading volume, we note the 3-month average coming to 3.63 million.

Nextracker Inc (NASDAQ:NXT) trade information

Instantly NXT was in red as seen in intraday trades today. With action 0.34%, the performance over the past five days has been green. The drop to weekly highs of 62.31 subtracted -1.67% to the stock’s daily price. The company’s shares are showing year-to-date upside of 24.35%, with the 5-day performance at 0.34% in the green. However, in the 30-day time frame, Nextracker Inc (NASDAQ:NXT) is 32.98% up.

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Nextracker Inc (NXT) estimates and forecasts

Data shows that the Nextracker Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.75% over the past 6 months, a -5.56% in annual growth rate that is considerably lower than the industry average of -4.40%.

The 2024 estimates are for Nextracker Inc earnings to decrease by -1.74%, but the outlook for the next 5-year period is at 40.20% per year.

NXT Dividends

Nextracker Inc is expected to release its next quarterly earnings report in July.