Nextracker (NXT) Stock Price

Financial Performance

Nextracker reported a last quarter revenue of $679.4M, which is a 6.9% increase from the previous quarter but a -7.8% decrease year over year. The gross profit was $240.9M, marking an increase of 7.2% from the previous quarter and a decline of -29.2% year over year. Their operating income profit saw an increase by 12.6% from the previous quarter to $150.2M but dropped by -44.5% compared to the same period last year, indicating mixed performance in their operations.

The EBITDA ratio for the last quarter was at 0.25, suggesting that Nextracker has been reasonably profitable.

Stock Price

The stock price currently stands at $66.31 and has seen an upward trend with an increase of 9.2% in the past month and a significant growth of 40% over the past year, reflecting investor confidence in Nextracker's performance and future prospects.

The RSI value is at 71.68 which suggests that the stock may be approaching overbought territory and might see some pullback or consolidation in near term.The PE ratio stands at 19.11 indicating that investors are willing to pay high prices because they expect high growth rates in future earnings.

Alternative Data Signals

Nextracker's web traffic is estimated to be around 37527 visitors per month showing an uptick by 9.1%, however it shows a decrease by -22.% on YoY basis which could indicate decreased interest or engagement among consumers or potential investors.

Job openings have increased significantly both MoM (30%) and YoY (45.5%) suggesting that the company is in expansion mode.

The overall positive business outlook reported by 87% of employees indicates a healthy internal sentiment about the company's future prospects.

Social Media

Nextracker has seen an increase in followers across all social media platforms over the last 90 days, indicating growing interest and engagement from the public.

Conclusion

Based on the financial performance, stock price trends, alternative data signals and social media presence, Nextracker's stock shows signs of strength and growth potential despite some areas of concern such as decreasing YoY revenue and high RSI value. Therefore, it can be considered as moderately bullish.

Note: This AI Stock Analysis is based on data as of July 04. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Nextracker (NXT), currently trading at $61.83, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.