Momentum Is Strong For Nextracker Inc (NASDAQ: NXT)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Solar industry segment, falling under the Technology sector. The current market capitalization of Nextracker Inc is $6.07B. A total of 4.76 million shares were traded on the day, compared to an average of 3.10M 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, NXT has a high of $62.31 and a low of $30.93.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $8.81, while its Total Shareholder’s Equity was -$3.04M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 4.59.

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