In the latest trading session, 1.47 million Nextracker Inc (NASDAQ:NXT) shares changed hands as the company’s beta touched 2.14. With the company’s most recent per share price at $48.78 changed hands at -$0.97 or -1.95% at last look, the market valuation stands at $7.10B. NXT’s current price is a discount, trading about -27.74% 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 36.59% up since then. When we look at Nextracker Inc’s average trading volume, we note the 10-day average is 4.14 million shares, with the 3-month average coming to 2.68 million.
Analysts gave the Nextracker Inc (NXT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.58. 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 0.94.
Nextracker Inc (NASDAQ:NXT) trade information
Instantly NXT was in red as seen in intraday trades today. With action -0.93%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 33.53%, with the 5-day performance at -0.93% in the red. However, in the 30-day time frame, Nextracker Inc (NASDAQ:NXT) is 23.09% up. Looking at the short shares, we see there were 11.61 million shares sold at short interest cover period of 4.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 55, meaning bulls need an upside of 11.31% from its recent market value. According to analyst projections, NXT’s forecast low is 46 with 55 as the target high. To hit the forecast high, the stock’s price needs a -12.75% plunge from its current level, while the stock would need to tank 5.7% 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 22.53% over the past 6 months, a 27.12% in annual growth rate that is considerably higher than the industry average of -5.00%. Year-over-year growth is forecast to reach 14.59% up from the last financial year.
Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of 828.05M. 16 analysts are of the opinion that Nextracker Inc’s revenue for the current quarter will be 763.84M. The company’s revenue for the corresponding quarters a year ago was 736.51M and 719.92M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.43%. The estimates for the next quarter sales put growth at 6.10%.
The 2025 estimates are for Nextracker Inc earnings to increase by 23.26%, but the outlook for the next 5-year period is at 9.08% per year.
NXT Dividends
Nextracker Inc is expected to release its next quarterly earnings report in March.
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 104.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 104.99%.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. With 4.61 shares estimated at $224.9 million under it, the former controlled 3.21% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.97% of the shares, roughly 4.26 shares worth around $208.14 million.
