On Tuesday, Nextracker Inc (NASDAQ: NXT) opened lower -3.87% from the last session, before settling in for the closing price of $44.19. 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
A company in the Technology sector has jumped its sales by 32.64% annually for the last half of the decade. Company’s average yearly earnings per share was noted 6.80% at the time writing. With a float of $139.25 million, this company’s outstanding shares have now reached $143.62 million.
In an organization with 1050 employees, it is important to assess its efficiency. 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 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 101.41%. The most recent insider transaction that took place on Jan 16 ’25, was worth 272,970. In this transaction President of this company sold 6,066 shares at a rate of $45.00, taking the stock ownership to the 209,365 shares. Before that another transaction happened on Jan 16 ’25, when Company’s Director proposed sale 6,066 for $42.73, making the entire transaction worth $259,200.
Nextracker Inc (NXT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 6.80% 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 2.21. Likewise, its price to free cash flow for the trailing twelve months is 14.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.67, a number that is poised to hit 0.58 in the next quarter and is forecasted to reach 3.33 in one year’s time.
Technical Analysis of Nextracker Inc (NXT)
Let’s dig in a bit further. During the last 5-days, its volume was 2.49 million. That was inferior than the volume of 2.66 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 63.34%. Additionally, its Average True Range was 2.27.
During the past 100 days, Nextracker Inc’s (NXT) raw stochastic average was set at 74.09%, which indicates a significant increase from 61.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.67% in the past 14 days, which was lower than the 62.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.67, while its 200-day Moving Average is $42.45. However, in the short run, Nextracker Inc’s stock first resistance to watch stands at $44.13. Second resistance stands at $45.77. The third major resistance level sits at $47.11. If the price goes on to break the first support level at $41.15, it is likely to go to the next support level at $39.81. Assuming the price breaks the second support level, the third support level stands at $38.17.
Nextracker Inc (NASDAQ: NXT) Key Stats
There are currently 145,548K shares outstanding in the company with a market cap of 6.18 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.
