Nextracker Class A Stock Price on September 24, 2024
| NXT Stock | 38.18 1.40 3.54% |
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 38.18, as last reported on the 13th of November 2024, with the highest price reaching 39.11 and the lowest price hitting 37.49 during the day. Currently, Nextracker Class A is very steady. Nextracker Class A has Sharpe Ratio of 0.0132, which conveys that the firm had a 0.0132% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nextracker, which you can use to evaluate the volatility of the firm. Please verify Nextracker's Risk Adjusted Performance of 0.0176, downside deviation of 2.92, and Mean Deviation of 2.61 to check out if the risk estimate we provide is consistent with the expected return of 0.0575%.
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 4.3 B in 2024, whereas Common Stock is likely to drop slightly above 13.3 K in 2024. . At this time, Nextracker's Price To Sales Ratio is comparatively stable compared to the past year. Price Book Value Ratio is likely to gain to 5.41 in 2024, whereas Price Earnings Ratio is likely to drop 15.84 in 2024. Nextracker Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nextracker |
Sharpe Ratio = 0.0132
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | NXT | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.37 actual daily | 38 62% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 1 99% of assets perform better |
Based on monthly moving average Nextracker is performing at about 1% 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 4.4907 | Enterprise Value Ebitda 7.0402 | Price Sales 2.0826 | Shares Float 143.1 M | Wall Street Target Price 55.93 |
Nextracker Valuation on September 24, 2024
It is possible to determine the worth of Nextracker on a given historical date. On September 24, 2024 Nextracker was worth 37.44 at the beginning of the trading date compared to the closed value of 36.73. 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 | |
| 36.85 | 37.71 | 36.54 | 36.85 | 2,214,215 | |
09/24/2024 | 37.44 | 37.50 | 36.22 | 36.73 | 1,969,676 |
| 36.75 | 37.18 | 36.24 | 36.41 | 1,990,941 |
| Backtest Nextracker | | | Nextracker History | | | Nextracker Valuation | Previous | Next |
Nextracker Trading Date Momentum on September 24, 2024
| On September 25 2024 Nextracker Class A was traded for 36.41 at the closing time. Highest Nextracker's price during the trading hours was 37.18 and the lowest price during the day was 36.24 . The net volume was 2 M. The overall trading history on the 25th of September contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.87% . The trading delta at closing time to current price is 1.80% . |
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 |
|
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 13, 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 13, 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 | 0.0176 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.84) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1427 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.