In a filing, Nextracker Inc revealed its Chief Accounting Officer Bennett David P unloaded Company’s shares for reported $0.49 million on Jan 29 ’25. In the deal valued at $49.90 per share,9,801 shares were sold. As a result of this transaction, Bennett David P now holds 124,577 shares worth roughly $6.28 million.
Then, David Bennett bought 9,801 shares, generating $388,316 in total proceeds.
Before that, Wenger Howard sold 6,066 shares. Nextracker Inc shares valued at $272,970 were divested by the President at a price of $45.00 per share. As a result of the transaction, Wenger Howard now holds 209,365 shares, worth roughly $10.56 million.
Jefferies upgraded its Nextracker Inc [NXT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in late January from “an Equal weight” to “an Overweight”. TD Cowen began covering NXT with “Hold” recommendation on December 19, 2024.
Price Performance Review of NXT
On Friday, Nextracker Inc [NASDAQ:NXT] saw its stock fall -0.41% to $50.42. Over the last five days, the stock has gained 22.98%. Nextracker Inc shares have risen nearly 38.02% since the year began. Nevertheless, the stocks have risen 11.40% over the past one year. While a 52-week high of $62.31 was reached on 01/30/25, a 52-week low of $30.93 was recorded on 01/02/25. SMA at 50 days reached $39.45, while 200 days put it at $42.25.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 49.83, which if violated will result in even more drops to 49.24. On the upside, there is a resistance level at 51.57. A further resistance level may holdings at 52.73. The Relative Strength Index (RSI) on the 14-day chart is 70.26, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.54%. Stochastics %K at 89.29% indicates the stock is a selling.
How much short interest is there in Nextracker Inc?
A steep rise in short interest was recorded in Nextracker Inc stocks on 2025-01-15, growing by 0.87 million shares to a total of 11.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 10.74 million shares. There was a rise of 7.5%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 04, 2024 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $46 price target.
