Nextracker Inc (NASDAQ: NXT) started the day on Thursday, with a price increase of 24.55% at $39.82, before settling in for the price of $31.97 at the close. Taking a more long-term approach, NXT posted a 52-week range of $30.93-$62.31.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 32.64%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 4.72%. This publicly-traded company’s shares outstanding now amounts to $140.77 million, simultaneously with a float of $139.04 million. The organization now has a market capitalization sitting at $5.79 billion. At the time of writing, stock’s 50-day Moving Average stood at $36.12, while the 200-day Moving Average is $46.83.
Nextracker Inc (NXT) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Solar Industry. Nextracker Inc’s current insider ownership accounts for 3.06%, in contrast to 101.31% institutional ownership. According to the most recent insider trade that took place on May 20 ’24, this organization’s President – Strtgy & Admnstrtn sold 12,135 shares at the rate of 43.91, making the entire transaction reach 532,828 in total value, affecting insider ownership by 17,387. Preceding that transaction, on Apr 03 ’24, Company’s GC, Ch Eth & Compl Off’r & Sec sold 2,149 for 51.91, making the whole transaction’s value amount to 111,555. This particular insider is now the holder of 11,910 in total.
Nextracker Inc (NXT) Earnings and Revenue Records
Nextracker Inc’s EPS increase for this current 12-month fiscal period is 4.72% and is forecasted to reach 3.31 in the upcoming year.
Nextracker Inc (NASDAQ: NXT) Trading Performance Indicators
Let’s observe the current performance indicators for Nextracker Inc (NXT). It’s Quick Ratio in the last reported quarter now stands at 1.84. The Stock has managed to achieve an average true range (ATR) of 1.91. Alongside those numbers, its PE Ratio stands at $11.57, and its Beta score is 2.54. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.11. Similarly, its price to free cash flow for trailing twelve months is now 18.55.
In the same vein, NXT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 3.44, a figure that is expected to reach 0.64 in the next quarter, and analysts are predicting that it will be 3.31 at the market close of one year from today.
Technical Analysis of Nextracker Inc (NXT)
If we take a close look at the recent performances of Nextracker Inc (NASDAQ: NXT), its last 5-days Average volume was 4.5 million that shows progress from its year to date volume of 3.75 million. During the previous 9 days, stock’s Stochastic %D was recorded 51.75% While, its Average True Range was 2.15.
Raw Stochastic average of Nextracker Inc (NXT) in the period of the previous 100 days is set at 28.33%, which indicates a major fall in contrast to 88.28% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 98.13% that was higher than 60.79% volatility it exhibited in the past 100-days period.
