Nextracker Inc (NASDAQ:NXT) has a beta value of 2.05 and has seen 5.24 million shares traded in the recent trading session. The company, currently valued at $7.11B, closed the recent trade at $48.84 per share which meant it gained $9.22 on the day or 23.27% during that session. The NXT stock price is -27.58% off its 52-week high price of $62.31 and 36.67% 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 2.98 million shares traded. The 3-month trading volume is 2.74 million shares.
The consensus among analysts is that Nextracker Inc (NXT) is Buy stock at the moment, with a recommendation rating of 1.58. 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 0.89.
Nextracker Inc (NASDAQ:NXT) trade information
Sporting 23.27% in the green 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 $48.84 or saw a rise of 2.3%. Year-to-date, Nextracker Inc shares have moved 33.70%, while the 5-day performance has seen it change 18.54%. Over the past 30 days, the shares of Nextracker Inc (NASDAQ:NXT) have changed 32.11%. Short interest in the company has seen 11.61 million shares shorted with days to cover at 4.78.
Wall Street analysts have a consensus price target for the stock at $55, which means that the shares’ value could jump 11.2% from the levels at last check today. The projected low price target is $46.0 while the price target rests at a high of $55.0. In that case, then, we find that the latest price level in today’s session is -12.61% off the targeted high while a plunge would see the stock lose 5.81% 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 gained 4.18% over the past 6 months, with this year growth rate of 5.23%, compared to -14.80% for the industry. Revenue growth from the last financial year stood is estimated to be 14.47%.
22 analysts offering their estimates for the company have set an average revenue estimate of 835.12M for the current quarter. 13 have an estimated revenue figure of 754.69M for the next ending quarter. Year-ago sales stood 736.51M and 719.92M respectively for this quarter and the next, and analysts expect sales will grow by 13.39% for the current quarter and 14.47% for the next.
Earnings growth for 2025 is a modest 19.03% while over the next 5 years, the company’s earnings are expected to increase by 7.77%.
NXT Dividends
Nextracker Inc is expected to release its next earnings report in February 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 104.54% with a share float percentage of 104.99%. Investors are also buoyed by the number of investors in a company, with Nextracker Inc having a total of 609.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Nov 30, 2024, the former fund manager holds about 3.21% shares in the company for having 4.61 shares of worth $224.21 million while later fund manager owns 4.26 shares of worth $207.5 million as of Sep 30, 2024, which makes it owner of about 2.97% of company’s outstanding stock.
