Nextracker Inc (NASDAQ:NXT) shares traded 1.54% higher at $47.61 on Wall Street last session.
NXT stock price is now 18.06% away from the 50-day moving average and 12.49% away from the 200-day moving average. The market capitalization of the company currently stands at $6.93B.
With the price target maintained at $56, Jefferies recently Upgraded its rating from Hold to Buy for Nextracker Inc (NASDAQ: NXT). On January 29, 2025, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $47 to quote $60, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, TPG Rise Flash, L.P., Stockholder bought 1,908,827 shares of the company’s stock on Feb 04 ’25. The stock was bought for $92,768,992 at an average price of $48.60. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 04 ’25, Stockholder TPG Rise Climate Flash CI BDH, bought 249,182 shares of the business’s stock. A total of $12,110,245 was incurred on buying the stock at an average price of $48.60. A total of 3.05% 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 0.10, a current ratio of 2.20, and a quick ratio of 1.89. According to the stock market information, the enterprise value for the company is $5291565568, which is based on a 12.54 price-to-earnings ratio, a 1.38 price-to-earnings-growth ratio, and a beta of 2.18. The fifty day moving average price for NXT is $40.1236 and a two-hundred day moving average price translates $42.306374 for the stock.
The latest earnings results from Nextracker Inc (NASDAQ: NXT) was released for 2024-09-27. The company reported revenue of $635.57 million for the quarter, compared to $573.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.85 percent.
