In a filing, Nextracker Inc revealed its Officer Bennett David P acquired Company’s shares for reported $0.24 million on Apr 02 ’25. In the deal valued at $43.08 per share,5,637 shares were bought.
Then, Miller Nicholas Marco bought 6,479 shares, generating $279,144 in total proceeds.
Before that, SHUGAR DANIEL S bought 27,114 shares. Nextracker Inc shares valued at $1,168,193 were divested by the Officer at a price of $43.08 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 -0.39% to $40.57. Over the last five days, the stock has gained 9.65%. Nextracker Inc shares have risen nearly 11.06% since the year began. Nevertheless, the stocks have fallen -14.05% 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 04/09/25. SMA at 50 days reached $43.98, while 200 days put it at $40.82.
Levels Of Support And Resistance For NXT Stock
The 24-hour chart illustrates a support level at 40.03, which if violated will result in even more drops to 39.50. On the upside, there is a resistance level at 41.19. A further resistance level may holdings at 41.82. The Relative Strength Index (RSI) on the 14-day chart is 46.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.09%. Stochastics %K at 45.56% 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 2025-03-31, growing by 42015.0 shares to a total of 8.37 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 8.32 million shares. There was a rise of 0.5%, which implies that there is a positive sentiment for the stock.
