During the last session, Nextracker Inc (NASDAQ:NXT)’s traded shares were 3.11 million, with the beta value of the company hitting 2.08. At the end of the trading day, the stock’s price was $41.89, reflecting an intraday gain of 1.67% or $0.69. The 52-week high for the NXT share is $62.31, that puts it down -48.75 from that peak though still a striking 26.16% gain since the share price plummeted to a 52-week low of $30.93. The company’s market capitalization is $6.10B, and the average intraday trading volume over the past 10 days was 2.77 million shares, and the average trade volume was 2.67 million shares over the past three months.
Nextracker Inc (NXT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.63. NXT has a Sell rating from 0 analyst(s) out of 17 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.59.
Nextracker Inc (NASDAQ:NXT) trade information
Nextracker Inc (NXT) registered a 1.67% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.67% in intraday trading to $41.89, hitting a weekly high. The stock’s 5-day price performance is -1.97%, and it has moved by 23.79% in 30 days. Based on these gigs, the overall price performance for the year is -7.75%. The short interest in Nextracker Inc (NASDAQ:NXT) is 11.65 million shares and it means that shorts have 5.75 day(s) to cover.
The consensus price target of analysts on Wall Street is $55, which implies an increase of 23.84% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $46 and $65 respectively. As a result, NXT is trading at a discount of -55.17% off the target high and -9.81% off the low.
Nextracker Inc (NXT) estimates and forecasts
Statistics show that Nextracker Inc has outperformed its competitors in share price, compared to the industry in which it operates. Nextracker Inc (NXT) shares have gone down -11.14% during the last six months, with a year-to-date growth rate more than the industry average at 5.23% against -14.70. In the rating firms’ projections, revenue will increase 14.12% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 643.9M as predicted by 23 analyst(s). Meanwhile, a consensus of 22 analyst(s) estimates revenue growth to 844.68M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 710.43M and 736.51M respectively. In this case, analysts expect current quarter sales to shrink by -9.36% and then jump by 14.69% in the coming quarter.
While earnings are projected to return 6.81% in 2025, the next five years will return 13.92% per annum.
NXT Dividends
Nextracker Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nextracker Inc (NASDAQ:NXT)’s Major holders
Nextracker Inc insiders own 0.43% of total outstanding shares while institutional holders control 105.12%, with the float percentage being 105.58%.
Also, the Mutual Funds coming in first place with the largest holdings of Nextracker Inc (NXT) shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund . Data provided on Oct 31, 2024 indicates that iShares Core S&P Midcap ETF owns about 4.52 shares. This amounts to just over 3.14 percent of the company’s overall shares, with a $189.18 million market value. The same data shows that the other fund manager holds slightly less at 4.26, or about 2.97% of the stock, which is worth about $178.6 million.
