On Monday, Nextracker Inc (NASDAQ: NXT) was -1.61% down from the session before settling in for the closing price of $55.17. A 52-week range for NXT has been $32.14 – $62.14.
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During the last 5-year period, the sales growth of Technology Sector giant was 32.64%. When this article was written, the company’s average yearly earnings per share was at -1.74%. With a float of $133.43 million, this company’s outstanding shares have now reached $140.77 million.
Let’s determine the extent of company efficiency that accounts for 1050 employees.
Nextracker Inc (NXT) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Nextracker Inc stocks. The insider ownership of Nextracker Inc is 5.56%, while institutional ownership is 99.29%. The most recent insider transaction that took place on May 20 ’24, was worth 532,828. In this transaction President – Strtgy & Admnstrtn of this company sold 12,135 shares at a rate of $43.91, taking the stock ownership to the 17,387 shares. Before that another transaction happened on Apr 03 ’24, when Company’s GC, Ch Eth & Compl Off’r & Sec sold 2,149 for $51.91, making the entire transaction worth $111,555. This insider now owns 11,910 shares in total.
Nextracker Inc (NXT) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -1.74% per share during the next fiscal year.
Nextracker Inc (NASDAQ: NXT) Trading Performance Indicators
You can see what Nextracker Inc (NXT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.07. Likewise, its price to free cash flow for the trailing twelve months is 18.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.04, a number that is poised to hit 0.64 in the next quarter and is forecasted to reach 3.39 in one year’s time.
Technical Analysis of Nextracker Inc (NXT)
Looking closely at Nextracker Inc (NASDAQ: NXT), its last 5-days average volume was 3.13 million, which is a drop from its year-to-date volume of 4.15 million. As of the previous 9 days, the stock’s Stochastic %D was 79.02%. Additionally, its Average True Range was 3.16.
During the past 100 days, Nextracker Inc’s (NXT) raw stochastic average was set at 64.90%, which indicates a significant decrease from 73.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.32% in the past 14 days, which was higher than the 58.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $48.63, while its 200-day Moving Average is $45.61. However, in the short run, Nextracker Inc’s stock first resistance to watch stands at $56.49. Second resistance stands at $58.71. The third major resistance level sits at $59.94. If the price goes on to break the first support level at $53.04, it is likely to go to the next support level at $51.81. Should the price break the second support level, the third support level stands at $49.59.
Nextracker Inc (NASDAQ: NXT) Key Stats
There are 136,542K outstanding shares of the company, which has a market capitalization of 7.67 billion. As of now, sales total 2,500 M while income totals 306,240 K. Its latest quarter income was 736,520 K while its last quarter net income were 205,160 K.
