Nextracker Inc (NASDAQ:NXT)’s traded shares stood at 3.02 million during the last session, with the company’s beta value hitting 2.24. At the close of trading, the stock’s price was $36.80, to imply a decrease of -7.44% or -$2.96 in intraday trading. The NXT share’s 52-week high remains $62.31, putting it -69.32% down since that peak but still an impressive 15.95% since price per share fell to its 52-week low of $30.93. The company has a valuation of $5.36B, with an average of 3.84 million shares in intraday trading volume over the past 10 days and average of 3.05 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Nextracker Inc (NXT), translating to a mean rating of 1.59. Of 17 analyst(s) looking at the stock, 0 analyst(s) give NXT a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.6.
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Nextracker Inc (NASDAQ:NXT) trade information
After registering a -7.44% downside in the last session, Nextracker Inc (NXT) has traded red over the past five days. The 5-day price performance for the stock is -8.32%, and 9.62% over 30 days. With these gigs, the year-to-date price performance is -21.45%. Short interest in Nextracker Inc (NASDAQ:NXT) saw shorts transact 12.51 million shares and set a 4.54 days time to cover.
The extremes give us $36 and $71 for target low and target high price respectively. As such, NXT has been trading -92.93% off suggested target high and 2.17% from its likely low.
Nextracker Inc (NXT) estimates and forecasts
Looking at statistics comparing Nextracker Inc share performance against respective industry, we note that the company has outperformed competitors. Nextracker Inc (NXT) shares are -16.74% down over the last 6 months, with its year-to-date growth rate higher than industry average at 7.52% against -18.60%. Revenue is forecast to shrink -37.66% this quarter before falling -17.51% for the next one. The rating firms project that company’s revenue will grow 14.19% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is 654.9M. Meanwhile, for the current quarter, a total of 20 analyst(s) estimate revenue growth to 843.94M.Earnings reports from the last fiscal year show that sales brought in 710.43M and 736.51M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -7.82% before jumping 14.59% in the following quarter.
NXT Dividends
Nextracker Inc has its next earnings report out on 2025-Feb-01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Nextracker Inc (NASDAQ:NXT)’s Major holders
Nextracker Inc insiders hold 0.43% of total outstanding shares, with institutional holders owning 103.88% of the shares at 104.33% float percentage. In total, 103.88% institutions holds shares in the company.
