In Thursday’s Wall Street session, Nextracker Inc (NASDAQ:NXT) shares traded at $61.59, up 11.90% from the previous session.
NXT stock price is now 42.15% away from the 50-day moving average and 52.04% away from the 200-day moving average. The market capitalization of the company currently stands at $8.97B.
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With the price target enhanced from $47 to $55, TD Cowen maintained Hold rating for Nextracker Inc (NASDAQ: NXT). , while ‘Guggenheim’ rates the stock as ‘Neutral’
In other news, Bennett David P, Chief Accounting Officer sold 9,801 shares of the company’s stock on May 13 ’25. The stock was sold for $539,055 at an average price of $55.00. Upon completion of the transaction, the Chief Accounting Officer now directly owns 124,615 shares in the company, valued at $7.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’25, President Wenger Howard sold 6,066 shares of the business’s stock. A total of $333,630 was realized by selling the stock at an average price of $55.00. This leaves the insider owning 219,389 shares of the company worth $13.51 million. A total of 3.23% 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 0.00, a current ratio of 2.09, and a quick ratio of 1.89.
The net profit margin was 17.21% and return on equity was 39.33% for NXT. The company reported revenue of $679.36 million for the quarter, compared to $710.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.37 percent.
