On Friday, Nextracker Inc (NASDAQ: NXT) opened lower -3.90% from the last session, before settling in for the closing price of $39.71. Price fluctuations for NXT have ranged from $30.93 to $62.31 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 32.64%. Company’s average yearly earnings per share was noted 6.57% at the time writing. With a float of $139.24 million, this company’s outstanding shares have now reached $140.77 million.
Considering the fact that the conglomerate employs 1050 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 36.13%, operating margin of 25.43%, and the pretax margin is 26.37%.
Nextracker Inc (NXT) Breakdown of a Key Holders of the stock
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 101.06%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 6.57% 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 1.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.90. Likewise, its price to free cash flow for the trailing twelve months is 12.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.67, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 3.32 in one year’s time.
Technical Analysis of Nextracker Inc (NXT)
Compared to the last year’s volume of 3.67 million, its volume of 1.72 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 59.95%. Additionally, its Average True Range was 2.13.
During the past 100 days, Nextracker Inc’s (NXT) raw stochastic average was set at 32.18%, which indicates a significant decrease from 41.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.79% in the past 14 days, which was lower than the 62.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.72, while its 200-day Moving Average is $45.66. Nevertheless, the first resistance level for the watch stands at $39.34 in the near term. At $40.52, the stock is likely to face the second major resistance level. The third major resistance level sits at $41.13. If the price goes on to break the first support level at $37.55, it is likely to go to the next support level at $36.94. Now, if the price goes above the second support level, the third support stands at $35.76.
Nextracker Inc (NASDAQ: NXT) Key Stats
There are currently 145,548K shares outstanding in the company with a market cap of 5.34 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 635,570 K and its income totaled 115,390 K.
