Is Nextracker Stock a Good Investment?

Nextracker Investment Advice

NXT

To provide specific investment advice or recommendations on Nextracker Class A stock, we recommend investors consider the following general factors when evaluating Nextracker Class A. This will help you to make an informed decision on whether to include Nextracker in one of your diversified portfolios:

Examine Nextracker's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research Nextracker's leadership team and their track record. Good management can help Nextracker navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Electrical Components & Equipment space and any emerging trends that could impact Nextracker's business and its evolving consumer preferences.
Compare Nextracker's performance and market position to its competitors. Analyze how Nextracker is positioned in terms of product offerings, innovation, and market share.
Check if Nextracker pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about Nextracker's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in Nextracker Class A stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Nextracker Class A is a good investment.

Sell

Buy

Strong Sell

Our advice tool can be used to complement Nextracker Class A investment recommendation provided by experts. It analyzes the firm's potential to grow against your specific risk preferences and investment horizon. To make sure Nextracker Class A is not overpriced, please verify all Nextracker Class A fundamentals, including its debt to equity, as well as the relationship between the target price and current liabilities . Given that Nextracker Class A has a shares owned by institutions of 99.76 %, we recommend you to check Nextracker market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your last-minute risk tolerance and investing horizon.

Market Performance	Very Weak	Details
Volatility	Very steady	Details
Hype Condition	Over hyped	Details
Current Valuation	Overvalued	Details
Odds Of Distress	Very Low	Details
Economic Sensitivity	Almost neglects market trends	Details
Investor Sentiment	Alarmed	Details
Analyst Consensus	Strong Buy	Details
Financial Strenth (F Score)	Healthy	Details
Financial Leverage	Inapplicable	Details
Reporting Quality (M-Score)	Unlikely Manipulator	Details

Examine Nextracker Stock

Researching Nextracker's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 100.0% of the company shares are owned by institutional investors. The company had not issued any dividends in recent years.

To determine if Nextracker is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Nextracker's research are outlined below:

	Nextracker Class A generated a negative expected return over the last 90 days
	Over 100.0% of the company shares are owned by institutional investors
	Latest headline from benzinga.com: Looking At NEXTrackers Recent Unusual Options Activity

Nextracker Quarterly Good Will

265.15 Million

Nextracker uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Nextracker Class A. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Nextracker's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	31st of January 2024 Upcoming Quarterly Report	View
	8th of May 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	8th of May 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of March 2023 Last Financial Announcement	View

Earnings surprises can significantly impact Nextracker's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Nextracker's investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2023-05-10	2023-03-31	0.31	0.38	0.07	22
2023-07-26	2023-06-30	0.29	0.48	0.19	65
2023-10-25	2023-09-30	0.36	0.65	0.29	80
2024-05-14	2024-03-31	0.55	0.96	0.41	74
2024-01-31	2023-12-31	0.48	0.96	0.48	100

Nextracker Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Nextracker target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Nextracker's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.

28	Strong Buy

Most Nextracker analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Nextracker stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Nextracker Class A, talking to its executives and customers, or listening to those companies' conference calls.

Macroaxis Advice Exposure Valuation

Nextracker Target Price Projection

Nextracker's current and average target prices are 47.04 and 48.74, respectively. The current price of Nextracker is the price at which Nextracker Class A is currently trading. On the other hand, Nextracker's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Nextracker Market Quote on 21st of May 2024

Low Price	43.32	Odds
High Price	47.04	Odds

47.04 Target Price

Analyst Consensus On Nextracker Target Price

Low Estimate	44.35	Odds
High Estimate	54.1	Odds

48.74

Historical

Lowest Forecast 44.35

Target Price 48.74

Highest Forecast 54.1

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Nextracker Class A and the information provided on this page.

Nextracker Analyst Ratings

Nextracker's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Nextracker stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Nextracker's financials, market performance, and future outlook by experienced professionals. Nextracker's historical ratings below, therefore, can serve as a valuable tool for investors.

Nextracker's market capitalization trends

The company currently falls under 'Mid-Cap' category with a total capitalization of 6.39 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nextracker's market, we take the total number of its shares issued and multiply it by Nextracker's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Market Cap

1.05 Billion

Nextracker's profitablity analysis

Nextracker's profitability indicators refer to fundamental financial ratios that showcase Nextracker's ability to generate income relative to its revenue or operating costs. If, let's say, Nextracker is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Nextracker's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Nextracker's profitability requires more research than a typical breakdown of Nextracker's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.

	Last Reported	Projected for Next Year
Return On Tangible Assets	0.14	0.14
Return On Capital Employed	0.36	0.21
Return On Assets	0.12	0.09
Return On Equity	0.31	0.32

The company has Net Profit Margin of 0.12 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.37 %, which entails that for every 100 dollars of revenue, it generated $0.37 of operating income.

Determining Nextracker's profitability involves analyzing its financial statements and using various financial metrics to determine if Nextracker is a good buy. For example, gross profit margin measures Nextracker's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Nextracker's profitability and make more informed investment decisions.

The data published in Nextracker's official financial statements usually reflect Nextracker's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Nextracker Class A. For example, before you start analyzing numbers published by Nextracker accountants, it's critical to develop an understanding of what Nextracker's liquidity, profitability, and earnings quality are in the context of the Electrical Equipment space in which it operates.

Please note, the presentation of Nextracker's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nextracker's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Nextracker's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Nextracker Class A. Please utilize our Beneish M Score to check the likelihood of Nextracker's management manipulating its earnings.

Basic technical analysis of Nextracker Stock

As of the 21st of May, Nextracker secures the Standard Deviation of 2.48, risk adjusted performance of (0.1), and Mean Deviation of 1.9. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nextracker Class A, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated thirteen technical drivers for Nextracker, which can be compared to its peers in the industry. Please verify Nextracker Class A risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if Nextracker Class A is priced some-what accurately, providing market reflects its recent price of 47.04 per share. Given that Nextracker Class A has information ratio of (0.21), we recommend you to check Nextracker's last-minute market performance to make sure the company can sustain itself at a future point.

Nextracker's insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Nextracker insiders, such as employees or executives, is commonly permitted as long as it does not rely on Nextracker's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Nextracker insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

		Lundstrom Paul over three weeks ago Acquisition by Lundstrom Paul of 55009 shares of Nextracker subject to Rule 16b-3
		Schlesinger Leah over six months ago Sale by Schlesinger Leah of 2192 shares of Nextracker Class
		Shugar Daniel S over six months ago Nextracker Class exotic insider transaction detected
		Watkins William D over six months ago Exercise or conversion by Watkins William D of 4761 shares of Nextracker Class subject to Rule 16b-3
		Boynton Charles D over six months ago Exercise or conversion by Boynton Charles D of 3571 shares of Nextracker Class subject to Rule 16b-3
		Shih Willy C over six months ago Exercise or conversion by Shih Willy C of 3571 shares of Nextracker Class subject to Rule 16b-3
		Thomas Brandi Elizabeth over six months ago Acquisition by Thomas Brandi Elizabeth of 1621 shares of Nextracker Class subject to Rule 16b-3
		Flex Ltd over six months ago Disposition of 14025000 shares by Flex Ltd of Nextracker Class subject to Rule 16b-3
		Flex Ltd over a year ago Disposition of 30590000 shares by Flex Ltd of Nextracker subject to Rule 16b-3
		Bennett David P over a year ago Nextracker exotic insider transaction detected

Understand Nextracker's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Nextracker's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	(0.1)
	Market Risk Adjusted Performance	2.04
	Mean Deviation	1.9
	Coefficient Of Variation	(546.07)
	Standard Deviation	2.48
	Variance	6.14
	Information Ratio	(0.21)
	Jensen Alpha	(0.45)
	Total Risk Alpha	(0.76)
	Treynor Ratio	2.03
	Maximum Drawdown	11.62
	Value At Risk	(4.98)
	Potential Upside	2.76
	Skewness	(0.03)
	Kurtosis	0.833

	Risk Adjusted Performance	(0.1)
	Market Risk Adjusted Performance	2.04
	Mean Deviation	1.9
	Coefficient Of Variation	(546.07)
	Standard Deviation	2.48
	Variance	6.14
	Information Ratio	(0.21)
	Jensen Alpha	(0.45)
	Total Risk Alpha	(0.76)
	Treynor Ratio	2.03
	Maximum Drawdown	11.62
	Value At Risk	(4.98)
	Potential Upside	2.76
	Skewness	(0.03)
	Kurtosis	0.833

Consider Nextracker's intraday indicators

Nextracker intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Nextracker stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Accumulation Distribution	0.0791
	Rate Of Daily Change	1.0
	Day Median Price	45.18
	Day Typical Price	45.8
	Market Facilitation Index	3.72
	Price Action Indicator	1.86
	Relative Strength Index	47.45

Nextracker time-series forecasting models is one of many Nextracker's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Nextracker's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Nextracker Stock media impact

Far too much social signal, news, headlines, and media speculation about Nextracker that are available to investors today. That information is available publicly through Nextracker media outlets and privately through word of mouth or via Nextracker internal channels. However, regardless of the origin, that massive amount of Nextracker data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of Nextracker news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Nextracker relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Nextracker's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Nextracker alpha.

Nextracker Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Nextracker can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.

Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Nextracker Class A Historical Investor Sentiment

Investor biases related to Nextracker's public news can be used to forecast risks associated with an investment in Nextracker. The trend in average sentiment can be used to explain how an investor holding Nextracker can time the market purely based on public headlines and social activities around Nextracker Class A. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Nextracker's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nextracker and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Nextracker news discussions. The higher the estimate score, the more favorable the investor's outlook on Nextracker.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nextracker without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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.

Alex Au	CoFounder CTO	Profile
Marco Garcia	CoFounder Officer	Profile
Mike Mehawich	CoFounder Officer	Profile
Nicholas Miller	CoFounder COO	Profile

How to buy Nextracker Stock?

Examine Nextracker's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research Nextracker's leadership team and their track record. Good management can help Nextracker navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Electrical Components & Equipment space and any emerging trends that could impact Nextracker's business and its evolving consumer preferences.
Compare Nextracker's performance and market position to its competitors. Analyze how Nextracker is positioned in terms of product offerings, innovation, and market share.
Check if Nextracker pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about Nextracker's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

Already Invested in Nextracker Class A?

The danger of trading Nextracker Class A is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nextracker is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nextracker. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nextracker Class A is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.

When determining whether Nextracker Class A is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nextracker Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nextracker Class A Stock. Highlighted below are key reports to facilitate an investment decision about Nextracker Class A Stock: