In the latest trading session,, 0.57 million Nextracker Inc (NASDAQ:NXT) shares changed hands as the company’s beta touched 2.16. With the company’s most recent per share price at $38.73 changing hands around $0.55 or 1.44% at last look, the market valuation stands at $5.64B. NXT’s current price is a discount, trading about -60.88% off its 52-week high of $62.31. The share price had its 52-week low at $30.93, which suggests the last value was 20.14% up since then. When we look at Nextracker Inc’s average trading volume, we note the 10-day average is 4.89 million shares, with the 3-month average coming to 3.06 million.
Analysts gave the Nextracker Inc (NXT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.63. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended NXT as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Nextracker Inc’s EPS for the current quarter is expected to be 0.59.
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Nextracker Inc (NASDAQ:NXT) trade information
Instantly NXT is in green as seen in intraday trades today. With action -6.97%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -17.33%, with the 5-day performance at -6.97% in the red. However, in the 30-day time frame, Nextracker Inc (NASDAQ:NXT) is 13.25% up. Looking at the short shares, we see there were 12.51 million shares sold at short interest cover period of 4.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 58, meaning bulls need an upside of 33.22% from its recent market value. According to analyst projections, NXT’s forecast low is 36 with 71 as the target high. To hit the forecast high, the stock’s price needs a -83.32% plunge from its current level, while the stock would need to tank 7.05% for it to hit the projected low.
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 -15.77% over the past 6 months, a 7.52% in annual growth rate that is considerably higher than the industry average of -18.60%. Year-over-year growth is forecast to reach 14.20% up from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 653.89M. 19 analysts are of the opinion that Nextracker Inc’s revenue for the current quarter will be 845.87M. The estimates for the next quarter sales put growth at 14.80%.
The 2024 estimates are for Nextracker Inc earnings to increase by 6.21%, but the outlook for the next 5-year period is at 16.00% per year.
NXT Dividends
Nextracker Inc is expected to release its next quarterly earnings report on 2025-Feb-01.
Nextracker Inc (NASDAQ:NXT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.43% of Nextracker Inc shares while 104.69% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.15%.
