In the last trading session, 3.65 million Nextracker Inc (NASDAQ:NXT) shares changed hands as the company’s beta touched 2.52. With the company’s per share price at $58.34 changed hands at -$0.97 or -1.64% during last session, the market valuation stood at $8.50B. NXT’s last price was a discount, traded about -8.31% off its 52-week high of $63.19. The share price had its 52-week low at $30.93, which suggests the last value was 46.98% up since then.
Analysts gave the Nextracker Inc (NXT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.74. 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 (NASDAQ:NXT) trade information
Instantly NXT was in red as seen at the end of in last trading. With action 15.23%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 59.70%, with the 5-day performance at 15.23% in the green. However, in the 30-day time frame, Nextracker Inc (NASDAQ:NXT) is 44.76% up.
The consensus price target for the stock as assigned by Wall Street analysts is 59, meaning bulls need an upside of 1.12% from its current market value. According to analyst projections, NXT’s forecast low is 49 with 60 as the target high. To hit the forecast high, the stock’s price needs a -2.85% plunge from its current level, while the stock would need to tank 16.01% for it to hit the projected low.
Nextracker Inc (NXT) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 2.14%. The 2025 estimates are for Nextracker Inc earnings to decrease by -8.40%, but the outlook for the next 5-year period is at 3.50% per year.
Nextracker Inc (NASDAQ:NXT)’s Major holders
FMR LLC holds the second largest percentage of outstanding shares, with 9.2498% or 13.14 million shares worth $616.2 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were iShares Trust-iShares Core S&P Mid-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. With 4.69 shares estimated at $273.85 million under it, the former controlled 3.27% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 2.95% of the shares, roughly 4.23 shares worth around $247.04 million.
