Nextracker Inc (NXT) recent quarterly performance of 9.81% is not showing the real picture

QCOM

As on Wednesday, Nextracker Inc (NASDAQ: NXT) started slowly as it slid -0.52% to $52.07, before settling in for the price of $52.34 at the close. Taking a more long-term approach, NXT posted a 52-week range of $29.28-$62.14.

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The company of the Technology sector’s yearbook sales growth during the past 5- year span was recorded 32.94%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 150.06%. This publicly-traded company’s shares outstanding now amounts to $136.54 million, simultaneously with a float of $130.12 million. The organization now has a market capitalization sitting at $7.11 billion. At the time of writing, stock’s 50-day Moving Average stood at $56.08, while the 200-day Moving Average is $44.06.

Nextracker Inc (NXT) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Solar industry. Nextracker Inc’s current insider ownership accounts for 4.71%, in contrast to 45.42% institutional ownership. According to the most recent insider trade that took place on Apr 03 ’24, this organization’s GC, Ch Eth & Compl Off’r & Sec sold 2,149 shares at the rate of 51.91, making the entire transaction reach 111,555 in total value, affecting insider ownership by 11,910. Preceding that transaction, on Apr 02 ’24, Company’s Chief Operating Officer sold 8,355 for 52.67, making the whole transaction’s value amount to 440,024. This particular insider is now the holder of 11,114 in total.

Nextracker Inc (NXT) Earnings and Revenue Records

If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $0.96 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.48) by $0.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.68 per share during the current fiscal year.

Nextracker Inc’s EPS increase for this current 12-month fiscal period is 150.06% and is forecasted to reach 3.09 in the upcoming year.

Nextracker Inc (NASDAQ: NXT) Trading Performance Indicators

Let’s observe the current performance indicators for Nextracker Inc (NXT). It’s Quick Ratio in the last reported quarter now stands at 1.46. The Stock has managed to achieve an average true range (ATR) of 2.44. Alongside those numbers, its PE Ratio stands at $31.12, and its Beta score is 2.04. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.12. Similarly, its price to free cash flow for trailing twelve months is now 20.41.

In the same vein, NXT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.67, a figure that is expected to reach 0.70 in the next quarter, and analysts are predicting that it will be 3.09 at the market close of one year from today.

Technical Analysis of Nextracker Inc (NXT)

Through scrutinizing the latest numbers posted by the [Nextracker Inc, NXT], it can be observed that its last 5-days Average volume of 3.11 million was lower the volume of 4.42 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 9.31% While, its Average True Range was 2.47.

Raw Stochastic average of Nextracker Inc (NXT) in the period of the previous 100 days is set at 65.24%, which indicates a major rise in contrast to 12.00% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 37.96% that was lower than 58.74% volatility it exhibited in the past 100-days period.