Nextracker Inc (NASDAQ:NXT) has a beta value of 2.30 and has seen 3.27 million shares traded in the recent trading session. The company, currently valued at $5.92B, closed the recent trade at $40.65 per share which meant it lost -$3.44 on the day or -7.81% during that session. The NXT stock price is -53.28% off its 52-week high price of $62.31 and 23.91% above the 52-week low of $30.93. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.0 million shares traded. The 3-month trading volume is 3.00 million shares.
The consensus among analysts is that Nextracker Inc (NXT) is Buy stock at the moment, with a recommendation rating of 1.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 17 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.6.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Nextracker Inc (NASDAQ:NXT) trade information
Sporting -7.81% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NXT stock price touched $40.65 or saw a rise of 8.11%. Year-to-date, Nextracker Inc shares have moved -13.24%, while the 5-day performance has seen it change 27.13%. Over the past 30 days, the shares of Nextracker Inc (NASDAQ:NXT) have changed 15.70%. Short interest in the company has seen 12.59 million shares shorted with days to cover at 4.5.
Wall Street analysts have a consensus price target for the stock at $58, which means that the shares’ value could jump 29.91% from the levels at last check today.. The projected low price target is $36.0 while the price target rests at a high of $71.0. In that case, then, we find that the latest price level in today’s session is -74.66% off the targeted high while a plunge would see the stock lose 11.44% from the levels at last check today..
Nextracker Inc (NXT) estimates and forecasts
Figures show that Nextracker Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -7.05% over the past 6 months, with this year growth rate of 2.29%, compared to -19.30% for the industry. Revenue growth from the last financial year stood is estimated to be 14.40%.
22 analysts offering their estimates for the company have set an average revenue estimate of 667.04M for the current quarter. 21 have an estimated revenue figure of 840.02M for the next ending quarter.
Earnings growth for 2024 is a modest 6.26% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.
NXT Dividends
Nextracker Inc is expected to release its next earnings report on 2025-Feb-01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Nextracker Inc (NASDAQ:NXT)’s Major holders
Insiders own 0.43% of the company shares, while shares held by institutions stand at 104.05% with a share float percentage of 104.50%. Investors are also buoyed by the number of investors in a company, with Nextracker Inc having a total of 620.0 institutions that hold shares in the company.
