Nextracker Inc (NASDAQ: NXT) kicked off on Tuesday, up 0.51% from the previous trading day, before settling in for the closing price of $35.54. Over the past 52 weeks, NXT has traded in a range of $30.93-$62.31.
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Technology Sector giant saw their annual sales surged by 32.64% over the last five years. While this was happening, its average annual earnings per share was recorded 6.42%. With a float of $139.25 million, this company’s outstanding shares have now reached $143.62 million.
The firm has a total of 1050 workers. Let’s measure their productivity. In terms of profitability, gross margin is 36.13%, operating margin of 25.43%, and the pretax margin is 26.37%.
Nextracker Inc (NXT) Insider Activity
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 101.12%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 6.42% 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 1.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.86. Likewise, its price to free cash flow for the trailing twelve months is 12.16.
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)
Analysing the last 5-days average volume posted by the [Nextracker Inc, NXT], we can find that recorded value of 1.71 million was lower than the volume posted last year of 3.58 million. As of the previous 9 days, the stock’s Stochastic %D was 19.98%. Additionally, its Average True Range was 1.93.
During the past 100 days, Nextracker Inc’s (NXT) raw stochastic average was set at 25.01%, which indicates a significant increase from 20.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.09% in the past 14 days, which was lower than the 62.83% 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 $44.37. Now, the first resistance to watch is $36.68. This is followed by the second major resistance level at $37.64. The third major resistance level sits at $38.48. If the price goes on to break the first support level at $34.88, it is likely to go to the next support level at $34.04. Should the price break the second support level, the third support level stands at $33.08.
Nextracker Inc (NASDAQ: NXT) Key Stats
The company with the Market Capitalisation of 5.20 billion has total of 145,548K 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 635,570 K and last quarter income was 115,390 K.
