On Monday, Nextracker Inc (NASDAQ: NXT) opened higher 3.50% from the last session, before settling in for the closing price of $31.46. Price fluctuations for NXT have ranged from $30.93 to $62.31 over the past 52 weeks.
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Annual sales at Technology sector company grew by 32.64% over the past five years. Company’s average yearly earnings per share was noted -0.08% at the time writing. With a float of $139.04 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. 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 Updates
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 3.06%, while institutional ownership is 101.09%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -0.08% 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 1.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.70. Likewise, its price to free cash flow for the trailing twelve months is 14.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.44, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 3.32 in one year’s time.
Technical Analysis of Nextracker Inc (NXT)
Nextracker Inc (NASDAQ: NXT) saw its 5-day average volume 2.4 million, a negative change from its year-to-date volume of 3.72 million. As of the previous 9 days, the stock’s Stochastic %D was 18.53%. Additionally, its Average True Range was 1.36.
During the past 100 days, Nextracker Inc’s (NXT) raw stochastic average was set at 5.19%, which indicates a significant decrease from 33.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.04% in the past 14 days, which was lower than the 49.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.44, while its 200-day Moving Average is $46.94. Nevertheless, the first resistance level for the watch stands at $32.96 in the near term. At $33.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $33.85. If the price goes on to break the first support level at $32.07, it is likely to go to the next support level at $31.59. Assuming the price breaks the second support level, the third support level stands at $31.18.
Nextracker Inc (NASDAQ: NXT) Key Stats
There are currently 145,147K shares outstanding in the company with a market cap of 4.67 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 719,920 K and its income totaled 121,700 K.
