Market cap of Nextracker Inc [NXT] reaches 4.65B – now what?

Nextracker Inc [NASDAQ: NXT] closed the trading session at $31.97.

The stocks have a year to date performance of -31.76 percent and weekly performance of 1.75 percent. The stock has been moved at -25.43 percent over the last six months. The stock has performed -15.93 percent around the most recent 30 days and changed -31.73 percent over the most recent 3-months.

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If compared to the average trading volume of 2.92M shares, NXT reached to a volume of 5400552 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $57.32 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 1.60. 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.

Jefferies have made an estimate for Nextracker Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 04, 2024. While these analysts kept the previous recommendation, Susquehanna raised their target price to Positive. The new note on the price target was released on June 28, 2024, representing the official price target for Nextracker Inc stock. Previously, the target price had yet another raise to $60, while Fox Advisors analysts kept a Overweight rating on NXT stock. On April 26, 2024, analysts decreased their price target for NXT shares from 60 to 44.

The Average True Range (ATR) for Nextracker Inc is set at 1.37, with the Price to Sales ratio for NXT stock in the period of the last 12 months amounting to 1.70. The Price to Book ratio for the last quarter was 4.09, with the Price to Cash per share for the same quarter was set at 3.25. Price to Free Cash Flow for NXT in the course of the last twelve months was 14.89 with Quick ratio for the last quarter at 1.84.

NXT stock trade performance evaluation

Nextracker Inc [NXT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.75. With this latest performance, NXT shares dropped by -15.93% in over the last four-week period, additionally sinking by -25.43% over the last 6 months – not to mention a drop of -5.86% 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 37.18, with the RSI for the last a single of trading hit 36.60, and the three-weeks RSI is set at 38.02 for Nextracker Inc [NXT]. The present Moving Average for the last 50 days of trading for this stock 36.13, while it was recorded at 31.92 for the last single week of trading, and 46.84 for the last 200 days.

Nextracker Inc [NXT]: An insightful look at the core fundamentals

Nextracker Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.84 and a Current Ratio set at 2.11.

Earnings per share (EPS) analysis for Nextracker Inc [NXT] stock

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 20.00%.