Nextracker Inc (NASDAQ: NXT) kicked off on Monday, down -2.74% from the previous trading day, before settling in for the closing price of $33.52. Over the past 52 weeks, NXT has traded in a range of $32.19-$62.31.
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A company in the Technology sector has jumped its sales by 32.64% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 0.28%. With a float of $139.04 million, this company’s outstanding shares have now reached $140.77 million.
In an organization with 1050 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 34.19%, operating margin of 24.57%, and the pretax margin is 25.08%.
Nextracker Inc (NXT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Solar Industry. The insider ownership of Nextracker Inc is 3.06%, while institutional ownership is 100.79%. 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
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.65 earnings per share (EPS), higher than consensus estimate (set at 0.36) by 0.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.28% per share during the next fiscal year.
Nextracker Inc (NASDAQ: NXT) Trading Performance Indicators
Take a look at Nextracker Inc’s (NXT) current performance indicators. Last quarter, stock had a quick ratio of 1.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.71. Likewise, its price to free cash flow for the trailing twelve months is 14.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.44, a number that is poised to hit 0.62 in the next quarter and is forecasted to reach 3.33 in one year’s time.
Technical Analysis of Nextracker Inc (NXT)
Let’s dig in a bit further. During the last 5-days, its volume was 2.18 million. That was inferior than the volume of 3.75 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 11.69%. Additionally, its Average True Range was 1.51.
During the past 100 days, Nextracker Inc’s (NXT) raw stochastic average was set at 2.65%, which indicates a significant decrease from 13.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.46% in the past 14 days, which was lower than the 50.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $37.15, while its 200-day Moving Average is $47.19. However, in the short run, Nextracker Inc’s stock first resistance to watch stands at $33.52. Second resistance stands at $34.45. The third major resistance level sits at $35.31. If the price goes on to break the first support level at $31.73, it is likely to go to the next support level at $30.87. The third support level lies at $29.94 if the price breaches the second support level.
Nextracker Inc (NASDAQ: NXT) Key Stats
The company with the Market Capitalisation of 4.68 billion has total of 145,147K Shares Outstanding. Its annual sales at the moment are 2,500 M in contrast with the sum of 306,240 K annual income. Company’s last quarter sales were recorded 719,920 K and last quarter income was 121,700 K.
