NXT vs. NOK, ERIC, GFS, ASX, STM, HUBB, UI, FLEX, UMC, and CLS
Should you be buying Nextracker stock or one of its competitors? The main competitors of Nextracker include Nokia Oyj (NOK), Telefonaktiebolaget LM Ericsson (publ) (ERIC), GlobalFoundries (GFS), ASE Technology (ASX), STMicroelectronics (STM), Hubbell (HUBB), Ubiquiti (UI), Flex (FLEX), United Microelectronics (UMC), and Celestica (CLS). These companies are all part of the "electronic equipment" industry.
Nextracker vs.
Nextracker (NASDAQ:NXT) and Nokia Oyj (NYSE:NOK) are both oils/energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their dividends, analyst recommendations, profitability, risk, earnings, media sentiment, valuation, institutional ownership and community ranking.
Nextracker has a beta of 2.14, meaning that its share price is 114% more volatile than the S&P 500. Comparatively, Nokia Oyj has a beta of 1.06, meaning that its share price is 6% more volatile than the S&P 500.
Nokia Oyj received 919 more outperform votes than Nextracker when rated by MarketBeat users. However, 72.73% of users gave Nextracker an outperform vote while only 61.21% of users gave Nokia Oyj an outperform vote.
67.4% of Nextracker shares are owned by institutional investors. Comparatively, 5.3% of Nokia Oyj shares are owned by institutional investors. 0.3% of Nextracker shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Nextracker currently has a consensus target price of $56.50, suggesting a potential upside of 16.13%. Nokia Oyj has a consensus target price of $5.86, suggesting a potential upside of 17.60%. Given Nokia Oyj's higher possible upside, analysts clearly believe Nokia Oyj is more favorable than Nextracker.
Nextracker has a net margin of 20.12% compared to Nokia Oyj's net margin of 6.54%. Nextracker's return on equity of 41.22% beat Nokia Oyj's return on equity.
Nokia Oyj has higher revenue and earnings than Nextracker. Nextracker is trading at a lower price-to-earnings ratio than Nokia Oyj, indicating that it is currently the more affordable of the two stocks.
In the previous week, Nextracker had 19 more articles in the media than Nokia Oyj. MarketBeat recorded 42 mentions for Nextracker and 23 mentions for Nokia Oyj. Nokia Oyj's average media sentiment score of 0.54 beat Nextracker's score of 0.09 indicating that Nokia Oyj is being referred to more favorably in the news media.
Summary
Nextracker beats Nokia Oyj on 13 of the 19 factors compared between the two stocks.
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New MarketBeat Followers Over Time
This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Media Sentiment Over Time
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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This page (NASDAQ:NXT) was last updated on 2/21/2025 by MarketBeat.com Staff
