Nextracker Inc (NXT) is looking forward to a strong quarter

With 1.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.45 million shares. The 52-week range on NXT shows that it touched its highest point at $62.14 and its lowest point at $29.28 during that stretch. It currently has a 1-year price target of $65.04. Beta for the stock currently stands at 1.93.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NXT was down-trending over the past week, with a drop of -3.88%, but this was down by -0.07% over a month. Three-month performance surged to 18.44% while six-month performance rose 42.28%. The stock gained 67.56% in the past year, while it has gained 19.96% so far this year. A look at the trailing 12-month EPS for NXT yields 1.67 with Next year EPS estimates of 3.07. For the next quarter, that number is 0.71. This implies an EPS growth rate of 151.60% for this year and 16.32% for next year.

Float and Shares Shorts:

At present, 136.54 million NXT shares are outstanding with a float of 130.12 million shares on hand for trading. On Mar 15, 2024, short shares totaled 7.72 million, which was 5.65% higher than short shares on Feb 15, 2024. In addition to NET as the firm’s Cloudflare, Inc., NXTG serves as its NXTG.

Institutional Ownership:

Through their ownership of 56.53% of NXT’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NXT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, NXT has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NXT currently yields $0.00. In the past year, NXT’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, NXT has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.