Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nextracker Inc shares valued at $92,768,992 were purchased by TPG Rise Flash, L.P. on Feb 04 ’25. At $48.60 per share, TPG Rise Flash, L.P. acquired 1,908,827 shares.
Also, TPG Rise Climate Flash CI BDH, purchased 249,182 shares, netting a total of over 12,110,245 in proceeds.
Before that, TPG Rise Climate BDH, L.P. had added 2,414,976 shares to its account. In a trade valued at $117,367,834, the Stockholder bought Nextracker Inc shares for $48.60 each.
As published in a research note from Jefferies on January 29, 2025, Nextracker Inc [NXT] has been rated up from a Hold to a Buy and the price target has been revised to $56. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of December 19, 2024, TD Cowen has initiated its “Hold” rating for NXT.
Analyzing NXT Stock Performance
During the last five days, there has been a drop of approximately -4.77%. Over the course of the year, Nextracker Inc shares have jumped approximately 28.36%. Shares of the company reached a 52-week high of $52.27 on 01/30/25 and a 52-week low of $37.16 on 01/02/25. A 50-day SMA is recorded $40.12, while a 200-day SMA reached $42.31. Nevertheless, trading volume fell to 6.17 million shares from 2.27 million shares the previous day.
Support And Resistance Levels for Nextracker Inc (NXT)
According to the 24-hour chart, there is a support level at 46.03, which, if violated, would cause prices to drop to 45.17. In the upper region, resistance lies at 48.35. The next price resistance is at 49.81. RSI (Relative Strength Index) is 58.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.36, which suggests the price will increase in the coming days. Percent R is at 40.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
