Nextracker Inc (NASDAQ:NXT) shares traded 4.85% higher at $47.52 on Wall Street last session.
NXT stock price is now -4.69% away from the 50-day moving average and 1.24% away from the 200-day moving average. The market capitalization of the company currently stands at $6.81B.
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With the price target of $59, Susquehanna recently initiated with Positive rating for Nextracker Inc (NASDAQ: NXT). On May 15, 2024, Fox Advisors Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $60, while ‘Northland Capital’ rates the stock as ‘Market Perform’
In other news, LEDESMA BRUCE, President – Strtgy & Admnstrtn sold 12,135 shares of the company’s stock on May 20 ’24. The stock was sold for $532,828 at an average price of $43.91. Upon completion of the transaction, the President – Strtgy & Admnstrtn now directly owns 17,387 shares in the company, valued at $0.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03 ’24, GC, Ch Eth & Compl Off’r & Sec Schlesinger Leah sold 2,149 shares of the business’s stock. A total of $111,555 was realized by selling the stock at an average price of $51.91. This leaves the insider owning 11,910 shares of the company worth $0.57 million. A total of 5.26% of the company’s stock is owned by insiders.
During the past 12 months, Nextracker Inc has had a low of $32.14 and a high of $62.31. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.98, and a quick ratio of 1.64. According to the stock market information, the enterprise value for the company is $6415051776, which is based on a 15.64 price-to-earnings ratio, a 0.39 price-to-earnings-growth ratio, and a beta of 2.52. The fifty day moving average price for NXT is $49.9262 and a two-hundred day moving average price translates $46.959175 for the stock.
The latest earnings results from Nextracker Inc (NASDAQ: NXT) was released for 2024-03-31. The company reported revenue of $736.51 million for the quarter, compared to $518.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 42.08 percent.
