Nextracker Inc (NASDAQ: NXT) on Monday, soared 4.33% from the previous trading day, before settling in for the closing price of $55.65. Within the past 52 weeks, NXT’s price has moved between $32.14 and $62.14.
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Annual sales at Technology sector company grew by 32.64% over the past five years. The company achieved an average annual earnings per share of -1.74%. With a float of $133.43 million, this company’s outstanding shares have now reached $140.77 million.
Let’s look at the performance matrix of the company that is accounted for 1050 employees.
Nextracker Inc (NXT) Insider and Institutional Ownership
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Nextracker Inc is 5.56%, while institutional ownership is 99.38%. 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) Latest Financial update
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
Nextracker Inc (NXT) is currently performing well based on its current performance indicators. A quick ratio of 1.64 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.28. Likewise, its price to free cash flow for the trailing twelve months is 19.40.
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)
Nextracker Inc (NASDAQ: NXT) saw its 5-day average volume 3.44 million, a negative change from its year-to-date volume of 4.12 million. As of the previous 9 days, the stock’s Stochastic %D was 62.66%. Additionally, its Average True Range was 3.03.
During the past 100 days, Nextracker Inc’s (NXT) raw stochastic average was set at 80.13%, which indicates a significant decrease from 89.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.27% in the past 14 days, which was higher than the 59.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $48.46, while its 200-day Moving Average is $46.08. Nevertheless, the first resistance level for the watch stands at $59.79 in the near term. At $61.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $63.41. If the price goes on to break the first support level at $56.17, it is likely to go to the next support level at $54.27. The third support level lies at $52.55 if the price breaches the second support level.
Nextracker Inc (NASDAQ: NXT) Key Stats
Market capitalization of the company is 8.20 billion based on 136,542K outstanding shares. Right now, sales total 2,500 M and income totals 306,240 K. The company made 736,520 K in profit during its latest quarter, and 205,160 K in sales during its previous quarter.
