The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Nextracker Inc shares valued at $242,867 were purchased by Bennett David P on Apr 02 ’25. At $43.08 per share, Bennett David P acquired 5,637 shares.
Also, Miller Nicholas Marco purchased 6,479 shares, netting a total of over 279,144 in proceeds.
Before that, SHUGAR DANIEL S had added 27,114 shares to its account. In a trade valued at $1,168,193, the Officer bought Nextracker Inc shares for $43.08 each.
As published in their initiating research note from RBC Capital Mkts on March 17, 2025, Nextracker Inc [NXT] has been an Outperform and the price target has been revised to $55. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of January 29, 2025, Barclays has increased its “an Equal weight” rating to a “an Overweight” for NXT. Earlier on December 19, 2024, TD Cowen initiated its rating. Their recommendation was “a Hold” for NXT stock.
Analyzing NXT Stock Performance
During the last five days, there has been a drop of approximately -1.13%. Over the course of the year, Nextracker Inc shares have jumped approximately 14.62%. Shares of the company reached a 52-week high of $52.27 on 01/30/25 and a 52-week low of $36.06 on 04/09/25. A 50-day SMA is recorded $42.73, while a 200-day SMA reached $40.46.
Support And Resistance Levels for Nextracker Inc (NXT)
According to the 24-hour chart, there is a support level at 40.87, which, if violated, would cause prices to drop to 39.88. In the upper region, resistance lies at 42.59. The next price resistance is at 43.32. RSI (Relative Strength Index) is 50.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.77, which suggests the price will decrease in the coming days. Percent R is at 30.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
