Nextracker Inc (NASDAQ: NXT) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Nextracker Inc is listed on the NASDAQ in the Technology sector while operating in the Solar industry. The current market capitalization of Nextracker Inc is $5.14B. A total of 2.81 million shares were traded on the day, compared to an average of 3.55M shares.

In the most recent transaction, LEDESMA BRUCE sold 12,135 shares of NXT for 43.91 per share on May 20 ’24. After the transaction, the President – Strtgy & Admnstrtn now owns 17,387 company shares. In a previous transaction on Apr 03 ’24, Schlesinger Leah sold 2,149 shares at 51.91 per share. NXT shares that GC, Ch Eth & Compl Off’r & Sec owns now total 11,910.

Among the insiders who sold shares, Miller Nicholas Marco disposed of 8,355 shares on Apr 02 ’24 at a per-share price of $52.67. This resulted in the Chief Operating Officer holding 11,114 shares of NXT after the transaction. In another insider transaction, TPG GP A, LLC sold 11,000,000 shares at $56.60 per share on Feb 05 ’24. Company shares held by the 10% Owner now total 6,044,918.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, NXT has a high of $62.31 and a low of $32.14.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. NXT’s latest balance sheet shows that the firm has $38.37M in Cash & Short Term Investments as of fiscal 2022. Its Book Value Per Share was $7.82, while its Total Shareholder’s Equity was -$3.04M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NXT is Buy with a score of 4.54.

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