Nextracker Inc [NASDAQ: NXT] price surged by 13.58 percent to reach at $6.39.
The one-year NXT stock forecast points to a potential upside of 13.72. The average equity rating for NXT stock is currently 1.41, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Nextracker Inc [NXT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NXT shares is $61.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NXT stock is a recommendation set at 1.41. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Fox Advisors have made an estimate for Nextracker Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 15, 2024. While these analysts kept the previous recommendation, Northland Capital dropped their target price from $60 to $44. The new note on the price target was released on April 26, 2024, representing the official price target for Nextracker Inc stock. Previously, the target price had yet another raise from $55 to $63, while Barclays kept a Equal Weight rating on NXT stock.
The Average True Range (ATR) for Nextracker Inc is set at 2.85, with the Price to Sales ratio for NXT stock in the period of the last 12 months amounting to 2.92. Price to Free Cash Flow for NXT in the course of the last twelve months was 17.26 with Quick ratio for the last quarter at 1.76.
NXT Stock Performance Analysis:
Nextracker Inc [NXT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.22. With this latest performance, NXT shares gained by 20.31% in over the last four-week period, additionally plugging by 34.64% over the last 6 months – not to mention a rise of 33.67% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NXT stock in for the last two-week period is set at 68.37, with the RSI for the last a single of trading hit 76.82, and the three-weeks RSI is set at 62.22 for Nextracker Inc [NXT]. The present Moving Average for the last 50 days of trading for this stock 49.15, while it was recorded at 46.58 for the last single week of trading, and 45.12 for the last 200 days.
Insight into Nextracker Inc Fundamentals:
Nextracker Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.76 and a Current Ratio set at 1.98.
NXT Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NXT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nextracker Inc go to 40.20%.
Nextracker Inc [NXT] Institutonal Ownership Details
The top three institutional holders of NXT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NXT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NXT stock with ownership which is approximately 5.8386%.
