Nextracker Inc. (NASDAQ:NXT), a technology firm, saw its shares close at $33.70 on Friday, marking a decrease of 3.05%. The company traded 2.63 million shares in the last session, with an average trading volume of 3.04 million shares over ten days. Despite this recent dip, the company's shares have risen by 11.92% over the last six months and have outperformed industry peers.
Nextracker's market valuation stands at $2.09 billion, with shares outstanding amounting to $61.99 million and a float of $48.17 million. The firm has shown robust growth with a twelve-monthly sales increase of 32.94% over the last half-decade and an impressive earnings per share (EPS) of 100.98% this year.
The stock's 52-week high and low are $46.55 and $28.24 respectively, with a weekly high of $40.81 reached on Wednesday. The consensus price target for Nextracker is $51.74, suggesting a potential increase of 34.87%. It is currently trading -78.04% off the suggested high target of $60.00 and -33.53% from its likely low of $45.00.
Analysts have given Nextracker a consensus Buy rating, with a mean rating of 1.43 out of 21 analysts, none of whom gave a Sell rating. The estimated earnings per share for the current quarter is $0.36.
In terms of revenue, Nextracker is expected to grow by 21.30% compared to the previous financial year, with the current-quarter revenue forecast at $537.87 million and Q4 2023 revenue growth estimated at $639.84 million.
Institutional holders own 105.95% of Nextracker's total outstanding shares, with TPG GP A, LLC holding the most shares (15.28 million), followed by Blackrock (NYSE:BLK) Inc with 4.47 million shares. Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top mutual funds holding Nextracker shares.
Insider ownership stands at 22.29%, while institutional ownership is significantly higher at 81.28%. A notable insider trade on July 3 involved the organization's 10% Owner selling shares worth $88,935,364.
Nextracker's fiscal report on June 29, 2023, revealed an EPS of $0.48, surpassing the consensus estimate of $0.29 by $0.19 and a net margin of +0.06. The firm's EPS increase for the current year is projected to reach 2.47 in the upcoming year.
The company's Quick Ratio stands at 1.48, with an average true range (ATR) of 2.32 and a historic volatility of 57.03%. Its price to sales ratio for trailing twelve months is 1.09, its price to free cash flow is 7.43, and its Diluted EPS for the same period is recorded at 1.65.
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