NEXTracker Inc (NXT) Trading 4.53% Higher on Oct 11

Author's Avatar
Oct 11, 2024

Shares of NEXTracker Inc (NXT, Financial) surged 4.53% in mid-day trading on Oct 11. The stock reached an intraday high of $35.65, before settling at $35.50, up from its previous close of $33.96. This places NXT 43.03% below its 52-week high of $62.31 and 10.28% above its 52-week low of $32.19. Trading volume was 828,698 shares, 28.8% of the average daily volume of 2,881,044.

Wall Street Analysts Forecast

1844771608007438336.png

Based on the one-year price targets offered by 26 analysts, the average target price for NEXTracker Inc (NXT, Financial) is $59.85 with a high estimate of $71.00 and a low estimate of $37.21. The average target implies an upside of 68.60% from the current price of $35.50. More detailed estimate data can be found on the NEXTracker Inc (NXT) Forecast page.

Based on the consensus recommendation from 28 brokerage firms, NEXTracker Inc's (NXT, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.