There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Nextracker Inc (NXT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.31, or 3.30%, to $41.00. The Nextracker Inc has recorded 4,845 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Arevon Completes Financing on Nation’s First Utility-Scale Solar Peaker Project Using the IRA’s Transferability Provision.
As a NASDAQ listed company, NXT falls under the Technology sector while operating within the Solar industry segment. At the end of the last regular session, the stock closed at $39.69 and fluctuated between $40.25 as its day high and $38.85 as its day low. The current market capitalization of Nextracker Inc is $2.46B. A total of 0.98 million shares were traded on the day, compared to an average of 1.71M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, NXT has seen 8 BUY and 0 SELL insider trades, representing the acquisition of 28,911 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 6 SELLs from insiders. Insiders purchased 157,803 shares during that period but sold 2,558,660.
In the most recent transaction, TPG GP A, LLC sold 2,518,438 shares of NXT for 35.31 per share on Jul 03. After the transaction, the 10% Owner now owns 12,760,752 company shares.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NXT in the last 3 months, the mean price target is $51.83 with high estimates of $60.00 and low estimates of $45.00. In terms of 52-week highs and lows, NXT has a high of $46.55 and a low of $28.24.
As of this writing, NXT has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.75 per share and a lower estimate of $0.41. The company reported an EPS of $0.48 in the last quarter, which was 65.50% higher than expectations of $0.29.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 -$42.53, while its Total Shareholder’s Equity was -$3.04M.
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 4.65.