Nextracker Class A Stock Performance
| NXT Stock | 43.76 0.78 1.81% |
The company secures a Beta (Market Risk) of 2.8, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nextracker will likely underperform. Nextracker Class A right now secures a risk of 3.86%. Please verify Nextracker Class A treynor ratio, expected short fall, as well as the relationship between the Expected Short fall and day median price , to decide if Nextracker Class A will be following its current price movements.
Risk-Adjusted Performance
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Over the last 90 days Nextracker Class A has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Nextracker is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Actual Historical Performance (%)
One Day Return 1.81 | Five Day Return (1.29) | Year To Date Return (7.72) | Ten Year Return 43.66 | All Time Return 76.31 |
1 | Closing Bell New high for ASX as traders hunt bank, tech stocks but US data tonight is the real test | 03/08/2024 |
2 | With 60 percent institutional ownership, Nextracker Inc. is a favorite amongst the big guns | 03/22/2024 |
3 | Nextracker COO sells over 440k in company stock | 04/04/2024 |
4 | NEXTDC pursues 1.3 billion capital raise for data center expansion | 04/11/2024 |
5 | Why Avita Medical, NextDC, Predictive Discovery, and Star shares are tumbling today | 04/15/2024 |
6 | Why invest in ASX tech stocks | 04/17/2024 |
7 | Blackbaud to Transform the Future of Fundraising with Trailblazing Enhancements for Raisers Edge NXT | 04/18/2024 |
8 | Acquisition by Lundstrom Paul of 55009 shares of Nextracker subject to Rule 16b-3 | 04/22/2024 |
9 | Nextracker Launches Industrys First Low Carbon Solar Tracker Solution | 04/23/2024 |
10 | Nextracker Stock Slides as Market Rises Facts to Know Before You Trade | 04/24/2024 |
11 | JM Steel to double capacity and clean energy work at growing steel plant in Leetsdale | 04/26/2024 |
| Begin Period Cash Flow | 29.1 M |
Nextracker |
Nextracker Relative Risk vs. Return Landscape
If you would invest 4,503 in Nextracker Class A on January 29, 2024 and sell it today you would lose (127.00) from holding Nextracker Class A or give up 2.82% of portfolio value over 90 days. Nextracker Class A is generating 0.0222% of daily returns assuming volatility of 3.858% on return distribution over 90 days investment horizon. In other words, 34% of stocks are less volatile than Nextracker, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Nextracker Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextracker's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nextracker Class A, and traders can use it to determine the average amount a Nextracker's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0058
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NXT |
Estimated Market Risk
| 3.86 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nextracker is not performing at its full potential. However, 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 Nextracker to a well-diversified portfolio.
Nextracker Fundamentals Growth
Nextracker Stock prices reflect investors' perceptions of the future prospects and financial health of Nextracker, and Nextracker fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nextracker Stock performance.
| Return On Equity | 0.44 | ||||
| Return On Asset | 0.13 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.21 % | ||||
| Current Valuation | 9.62 B | ||||
| Shares Outstanding | 136.54 M | ||||
| Price To Book | 15.50 X | ||||
| Price To Sales | 2.99 X | ||||
| Revenue | 1.9 B | ||||
| EBITDA | 173.11 M | ||||
| Net Income | 121.33 M | ||||
| Cash Per Share | 3.06 X | ||||
| Total Debt | 147.15 M | ||||
| Debt To Equity | 3.07 % | ||||
| Current Ratio | 1.40 X | ||||
| Book Value Per Share | (50.19) X | ||||
| Cash Flow From Operations | 107.67 M | ||||
| Earnings Per Share | 2.03 X | ||||
| Market Capitalization | 6.33 B | ||||
| Total Asset | 1.42 B | ||||
| Retained Earnings | (3.08 B) | ||||
| Working Capital | 364.84 M | ||||
| Current Asset | 1.64 B | ||||
| Current Liabilities | 1.17 B | ||||
About Nextracker Performance
To evaluate Nextracker Class A Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nextracker generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nextracker Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nextracker Class A market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nextracker's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 28.08 | 24.87 | |
| Return On Tangible Assets | 0 | 0 | |
| Return On Capital Employed | 0.21 | 0.26 | |
| Return On Assets | 0.0009 | 0.0009 | |
| Return On Equity | (0.0004) | (0.0004) |
Things to note about Nextracker Class A performance evaluation
Checking the ongoing alerts about Nextracker for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nextracker Class A help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Nextracker Class A had very high historical volatility over the last 90 days | |
| About 60.0% of the company shares are owned by institutional investors | |
| Latest headline from bizjournals.com: JM Steel to double capacity and clean energy work at growing steel plant in Leetsdale |
- Analyzing Nextracker's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nextracker's stock is overvalued or undervalued compared to its peers.
- Examining Nextracker's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Nextracker's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nextracker's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Nextracker's stock. These opinions can provide insight into Nextracker's potential for growth and whether the stock is currently undervalued or overvalued.
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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.
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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 2.03 | Revenue Per Share 36.737 | Quarterly Revenue Growth 0.384 | Return On Assets 0.1336 |
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.