On Friday, Nextracker Inc (NASDAQ: NXT) opened lower -3.36% from the last session, before settling in for the closing price of $42.53. Price fluctuations for NXT have ranged from $30.93 to $62.31 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
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 6.76% at the time writing. With a float of $139.25 million, this company’s outstanding shares have now reached $143.62 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) Insider Activity
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 101.88%. The most recent insider transaction that took place on Jan 02 ’25, was worth 132,567. Before that another transaction happened on May 20 ’24, when Company’s President – Strtgy & Admnstrtn sold 12,135 for $43.91, making the entire transaction worth $532,828. This insider now owns 17,387 shares in total.
Nextracker Inc (NXT) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 6.76% 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 2.13. Likewise, its price to free cash flow for the trailing twelve months is 13.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.67, a number that is poised to hit 0.57 in the next quarter and is forecasted to reach 3.30 in one year’s time.
Technical Analysis of Nextracker Inc (NXT)
Compared to the last year’s volume of 2.88 million, its volume of 2.93 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 70.16%. Additionally, its Average True Range was 2.06.
During the past 100 days, Nextracker Inc’s (NXT) raw stochastic average was set at 74.61%, which indicates a significant increase from 69.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.01% in the past 14 days, which was lower than the 62.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.11, while its 200-day Moving Average is $42.82. Nevertheless, the first resistance level for the watch stands at $41.84 in the near term. At $42.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $43.20. If the price goes on to break the first support level at $40.48, it is likely to go to the next support level at $39.87. Should the price break the second support level, the third support level stands at $39.12.
Nextracker Inc (NASDAQ: NXT) Key Stats
There are currently 145,548K shares outstanding in the company with a market cap of 5.98 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.
