Nextracker Class A Stock Price on February 9, 2023
| NXT Stock | 39.71 0.84 2.16% |
If you're considering investing in Nextracker Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nextracker stands at 39.71, as last reported on the 29th of November, with the highest price reaching 40.39 and the lowest price hitting 38.87 during the day. Currently, Nextracker Class A is not too volatile. Nextracker Class A has Sharpe Ratio of 0.0434, which conveys that the firm had a 0.0434% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nextracker, which you can use to evaluate the volatility of the firm. Please verify Nextracker's Mean Deviation of 2.86, downside deviation of 3.18, and Risk Adjusted Performance of 0.0148 to check out if the risk estimate we provide is consistent with the expected return of 0.19%.
At this time, Nextracker's Total Stockholder Equity is comparatively stable compared to the past year. Other Stockholder Equity is likely to gain to about 4.2 B in 2024, whereas Common Stock is likely to drop slightly above 13.3 K in 2024. . At this time, Nextracker's Price Book Value Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 0.0009 in 2024, whereas Price Sales Ratio is likely to drop 1.34 in 2024. Nextracker Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nextracker |
Sharpe Ratio = 0.0434
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Estimated Market Risk
| 4.41 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Nextracker is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nextracker by adding it to a well-diversified portfolio.
Price Book 4.5055 | Enterprise Value Ebitda 7.0651 | Price Sales 2.0894 | Shares Float 143.1 M | Wall Street Target Price 54.1107 |
Nextracker Main Headline on 9th of February 2023
Nextracker exotic insider transaction detected by Bennett David P
Filed transaction by Nextracker Inc officer. Unconventional Insider trading
Nextracker Valuation on February 9, 2023
It is possible to determine the worth of Nextracker on a given historical date. On February 9, 2023 Nextracker was worth 30.31 at the beginning of the trading date compared to the closed value of 30.46. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nextracker stock. Still, in general, we apply an absolute valuation method to find Nextracker's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nextracker where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nextracker's related companies.
| Open | High | Low | Close | Volume | |
02/09/2023 | 30.31 | 30.84 | 28.51 | 30.46 | 16,331,500 |
| 29.43 | 31.20 | 29.22 | 31.01 | 3,154,400 |
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Nextracker Trading Date Momentum on February 9, 2023
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Nextracker Class A Fundamentals Correlations and Trends
By evaluating Nextracker's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nextracker's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nextracker financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nextracker Stock history
Nextracker investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nextracker is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nextracker Class A will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nextracker stock prices may prove useful in developing a viable investing in Nextracker
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 147.3 M | 83.3 M | |
| Net Income Applicable To Common Shares | 1 M | 977.3 K |
Nextracker Quarterly Net Working Capital |
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Nextracker Stock Technical Analysis
Nextracker technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Nextracker Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Nextracker Class A cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nextracker November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Nextracker stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nextracker shares will generate the highest return on investment. By undertsting and applying Nextracker stock market strength indicators, traders can identify Nextracker Class A entry and exit signals to maximize returns
Nextracker Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nextracker's price direction in advance. Along with the technical and fundamental analysis of Nextracker Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nextracker to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0148 | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0.64) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1264 |
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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.