Mike Mehawich - Nextracker CoFounder Officer
| NXT Stock | 56.65 0.34 0.60% |
Founder
Mike Mehawich is CoFounder Officer of Nextracker Class A
| Address | 6200 Paseo Padre Parkway, Fremont, CA, United States, 94555 |
| Phone | 510 270 2500 |
| Web | https://www.nextracker.com |
Nextracker Management Efficiency
The company has Return on Asset of 0.1863 % which means that on every $100 spent on assets, it made $0.1863 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.672 %, implying that it generated $0.672 on every 100 dollars invested. Nextracker's management efficiency ratios could be used to measure how well Nextracker manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Nextracker's Return On Tangible Assets are comparatively stable compared to the past year. Return On Equity is likely to gain to 0.32 in 2024, whereas Return On Capital Employed is likely to drop 0.21 in 2024. At this time, Nextracker's Non Current Liabilities Total is comparatively stable compared to the past year. Non Current Liabilities Other is likely to gain to about 515.9 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 514.4 M in 2024. Nextracker Class A (NXT) is traded on NASDAQ Exchange in USA. It is located in 6200 Paseo Padre Parkway, Fremont, CA, United States, 94555 and employs 10 people. Nextracker is listed under Electrical Components & Equipment category by Fama And French industry classification.Management Performance
| Return On Equity | 0.67 | ||||
| Return On Asset | 0.19 |
Nextracker Class A Leadership Team
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.
| Nicholas Miller, CoFounder COO | ||
| Alex Au, CoFounder CTO | ||
| Kristan Kirsh, Vice Marketing | ||
| Howard Wenger, Director President | ||
| Daniel Shugar, CEO CoFounder | ||
| Marco Garcia, CoFounder Officer | ||
| Mike Mehawich, CoFounder Officer | ||
| David Bennett, Chief Officer | ||
| Bruce Ledesma, President Administration | ||
| Leah Esq, Chief Counsel |
Nextracker Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Nextracker a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.67 | ||||
| Return On Asset | 0.19 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.37 % | ||||
| Current Valuation | 7.33 B | ||||
| Shares Outstanding | 136.54 M | ||||
| Shares Owned By Insiders | 0.92 % | ||||
| Shares Owned By Institutions | 99.08 % | ||||
| Number Of Shares Shorted | 10.22 M | ||||
| Price To Book | 15.50 X |
Pair Trading with Nextracker
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nextracker position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nextracker will appreciate offsetting losses from the drop in the long position's value.Moving against Nextracker Stock
| 0.7 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
| 0.69 | IGC | India Globalization | PairCorr |
| 0.66 | WAB | Westinghouse Air Brake | PairCorr |
| 0.52 | MLR | Miller Industries | PairCorr |
The ability to find closely correlated positions to Nextracker could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextracker when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nextracker - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nextracker Class A to buy it.
The correlation of Nextracker is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nextracker moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextracker Class A moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nextracker can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextracker Class A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary 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.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal |
Is Nextracker's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nextracker. If investors know Nextracker will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nextracker listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Earnings Share 3.37 | Revenue Per Share 32.437 | Quarterly Revenue Growth 0.421 | Return On Assets 0.1863 |
The market value of Nextracker Class A is measured differently than its book value, which is the value of Nextracker that is recorded on the company's balance sheet. Investors also form their own opinion of Nextracker's value that differs from its market value or its book value, called intrinsic value, which is Nextracker's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nextracker's market value can be influenced by many factors that don't directly affect Nextracker's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nextracker's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextracker is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextracker's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.