In yesterday’s Wall Street session, Nextracker Inc (NASDAQ:NXT) shares traded at $39.82, up 24.55% from the previous session.
NXT stock price is now 10.23% away from the 50-day moving average and -14.97% away from the 200-day moving average. The market capitalization of the company currently stands at $5.79B.
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With the price target of $46, Jefferies recently initiated with Hold rating for Nextracker Inc (NASDAQ: NXT). On June 28, 2024, Susquehanna recently initiated its ‘Positive’ rating on the stock quoting a target price of $59, while ‘Fox Advisors’ rates the stock as ‘Overweight’
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 $0.69 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 $0.47 million. A total of 3.06% of the company’s stock is owned by insiders.
During the past 12 months, Nextracker Inc has had a low of $30.93 and a high of $62.31. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 2.11, and a quick ratio of 1.84. According to the stock market information, the enterprise value for the company is $5297577984, which is based on a 11.57 price-to-earnings ratio, a 0.58 price-to-earnings-growth ratio, and a beta of 2.54. The fifty day moving average price for NXT is $36.1241 and a two-hundred day moving average price translates $46.831974 for the stock.
The latest earnings results from Nextracker Inc (NASDAQ: NXT) was released for 2024-09-27. The company reported revenue of $719.92 million for the quarter, compared to $479.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 50.13 percent.
