On Friday, Nextracker Inc (NASDAQ: NXT) opened lower -4.58% from the last session, before settling in for the closing price of $49.13. Price fluctuations for NXT have ranged from $32.14 to $62.31 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 32.64%. Company’s average yearly earnings per share was noted -1.56% at the time writing. With a float of $135.72 million, this company’s outstanding shares have now reached $140.77 million.
The extent of productivity of a business whose workforce counts for 1050 workers is very important to gauge.
Nextracker Inc (NXT) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of Nextracker Inc is 5.38%, while institutional ownership is 97.63%. 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 -1.56% per share during the next fiscal year.
Nextracker Inc (NASDAQ: NXT) Trading Performance Indicators
Check out the current performance indicators for Nextracker Inc (NXT). In the past 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 2.69. Likewise, its price to free cash flow for the trailing twelve months is 15.88.
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 3.40 in one year’s time.
Technical Analysis of Nextracker Inc (NXT)
The latest stats from [Nextracker Inc, NXT] show that its last 5-days average volume of 5.51 million was superior to 4.27 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 8.69%. Additionally, its Average True Range was 2.97.
During the past 100 days, Nextracker Inc’s (NXT) raw stochastic average was set at 23.95%, which indicates a significant increase from 3.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.02% in the past 14 days, which was higher than the 50.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $49.80, while its 200-day Moving Average is $46.90. Now, the first resistance to watch is $49.24. This is followed by the second major resistance level at $51.60. The third major resistance level sits at $52.98. If the price goes on to break the first support level at $45.50, it is likely to go to the next support level at $44.12. The third support level lies at $41.76 if the price breaches the second support level.
Nextracker Inc (NASDAQ: NXT) Key Stats
There are currently 145,147K shares outstanding in the company with a market cap of 6.72 billion. Presently, the company’s annual sales total 2,500 M according to its annual income of 306,240 K. Last quarter, the company’s sales amounted to 736,520 K and its income totaled 205,160 K.
