In a filing, Nextracker Inc revealed its Former Officer Leah Schlesinger acquired Company’s shares for reported $0.55 million on Feb 18 ’25. In the deal valued at $48.00 per share,11,434 shares were bought.
Then, LEDESMA BRUCE sold 9,891 shares, generating $455,475 in total proceeds. Upon selling the shares at $46.05, the Chief Legal & Compliance Ofc now owns 132,374 shares.
Before that, BRUCE LEDESMA bought 9,891 shares. Nextracker Inc shares valued at $456,173 were divested by the Officer at a price of $46.12 per share.
RBC Capital Mkts initiated its Nextracker Inc [NXT] rating to an Outperform in a research note published on March 17, 2025; the price target was $55. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. Barclays also remained covering NXT and has increased its forecast on January 29, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. TD Cowen started covering the stock on December 19, 2024. It rated NXT as “a Hold”.
Price Performance Review of NXT
On Tuesday, Nextracker Inc [NASDAQ:NXT] saw its stock fall -3.09% to $44.48. Over the last five days, the stock has lost -1.02%. Nextracker Inc shares have risen nearly 21.76% since the year began. Nevertheless, the stocks have fallen -24.74% 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 $44.64, while 200 days put it at $42.20.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 43.68, which if violated will result in even more drops to 42.88. On the upside, there is a resistance level at 45.48. A further resistance level may holdings at 46.48. The Relative Strength Index (RSI) on the 14-day chart is 49.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.45%. Stochastics %K at 57.84% indicates the stock is a holding.
How much short interest is there in Nextracker Inc?
A steep rise in short interest was recorded in Nextracker Inc stocks on 2025-02-28, dropping by -1.86 million shares to a total of 8.32 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 10.19 million shares. There was a decline of -22.4%, which implies that there is a negative sentiment for the stock.
