By Mill Chart
Last update: Nov 27, 2024
Exploring Growth Potential: NEXTRACKER INC-CL A (NASDAQ:NXT) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and NEXTRACKER INC-CL A has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected NEXTRACKER INC-CL A on our screen for growth with base formation, suggesting it merits a closer look.
Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:NXT boasts a 8 out of 10:
Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:NXT has achieved a 8 out of 10:
ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:NXT, the assigned 9 is noteworthy for profitability:
In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:NXT has a 7 as its setup rating, indicating its current consolidation status.
Although the technical rating is only medium, NXT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 38.42, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NXT in the last couple of days, which is a good sign.
More Strong Growth stocks can be found in our Strong Growth screener.
For an up to date full fundamental analysis you can check the fundamental report of NXT
Our latest full technical report of NXT contains the most current technical analsysis.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
NASDAQ:NXT (6/4/2025, 1:38:07 PM)
57.22
-0.76 (-1.31%)
Find more stocks in the Stock Screener
NEXTRACKER INC-CL A (NASDAQ:NXT) offers strong growth, solid profitability, and reasonable valuation, making it an attractive candidate for investors seeking affordable growth stocks in the solar sector.
NEXTRACKER INC-CL A (NXT) meets Minervini’s Trend Template with strong technicals and high growth momentum, making it a candidate for growth investors. The stock scores a perfect 10 on technical health but may need consolidation before an optimal entry.