Nextracker Class A Stock Today

NXT Stock   38.85  1.45  3.88%   

Performance

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Odds Of Distress

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Nextracker is selling for under 38.85 as of the 25th of November 2024; that is 3.88 percent up since the beginning of the trading day. The stock's last reported lowest price was 37.4. Nextracker has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Nextracker Class A are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
9th of February 2023
Category
Technology
Classification
Industrials
Nextracker is entity of United States. It is traded as Stock on NASDAQ exchange. The company has 143.64 M outstanding shares of which 12.51 M shares are now shorted by investors with about 4.54 days to cover. More on Nextracker Class A

Moving against Nextracker Stock

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Nextracker Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEO CoFounderDaniel Shugar
Old NameNatcore Technology Inc
Business ConcentrationElectrical Components & Equipment, Capital Goods, Industrials, SP Midcap 400, SPASX 300, NASDAQ Composite, SPASX All Technology, SPASX 100, Australia All Ordinaries, SPASX All Australian, Industrials, Electrical Equipment, Aerospace & Defense, Industrials (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.510.9925
Way Up
Slightly volatile
Gross Profit Margin0.340.3252
Sufficiently Up
Slightly volatile
Total Current Liabilities514.4 M891.5 M
Way Down
Slightly volatile
Non Current Liabilities Total667 M635.3 M
Sufficiently Up
Slightly volatile
Total Assets1.3 B2.5 B
Way Down
Slightly volatile
Total Current Assets1.9 B1.8 B
Sufficiently Up
Slightly volatile
Nextracker can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nextracker's financial leverage. It provides some insight into what part of Nextracker's total assets is financed by creditors.
Liquidity
Nextracker Class A has 143.97 M in debt with debt to equity (D/E) ratio of 3.07, meaning that the company heavily relies on borrowing funds for operations. Nextracker Class A has a current ratio of 1.37, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for Nextracker to invest in growth at high rates of return.

Capital Expenditures

4.57 Million
Nextracker Class A (NXT) is traded on NASDAQ Exchange in USA. It is located in 6200 Paseo Padre Parkway, Fremont, CA, United States, 94555 and employs 1,050 people. Nextracker is listed under Electrical Components & Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 5.73 B. Nextracker Class A runs under Electrical Equipment sector within Industrials industry. The entity has 143.64 M outstanding shares of which 12.51 M shares are now shorted by investors with about 4.54 days to cover. Nextracker generates positive cash flow from operations, but has no cash available
Check Nextracker Probability Of Bankruptcy
Ownership Allocation
The majority of Nextracker outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Nextracker Class A to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Nextracker Class A. Please pay attention to any change in the institutional holdings of Nextracker as this could imply that something significant has changed or is about to change at the company.
Check Nextracker Ownership Details

Nextracker Historical Income Statement

At this time, Nextracker's Total Other Income Expense Net is comparatively stable compared to the past year. Net Income is likely to gain to about 321.6 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 1.4 B in 2024. View More Fundamentals

Nextracker Stock Against Markets

Nextracker Corporate Executives

Elected by the shareholders, the Nextracker's board of directors comprises two types of representatives: Nextracker inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nextracker. The board's role is to monitor Nextracker's management team and ensure that shareholders' interests are well served. Nextracker's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nextracker's outside directors are responsible for providing unbiased perspectives on the board's policies.
Marco GarciaCoFounder OfficerProfile
Mike MehawichCoFounder OfficerProfile
Alex AuCoFounder CTOProfile
Nicholas MillerCoFounder COOProfile

Additional Tools for Nextracker Stock Analysis

When running Nextracker's price analysis, check to measure Nextracker's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nextracker is operating at the current time. Most of Nextracker's value examination focuses on studying past and present price action to predict the probability of Nextracker's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextracker's price. Additionally, you may evaluate how the addition of Nextracker to your portfolios can decrease your overall portfolio volatility.