NASDAQ:NXT, a strong growth stock, setting up for a breakout.

Last update: Nov 27, 2024

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Growth Insights: NASDAQ:NXT

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:

The Earnings Per Share has grown by an impressive 1791.80% over the past year.
Looking at the last year, NXT shows a very strong growth in Revenue. The Revenue has grown by 34.43%.
Measured over the past years, NXT shows a very strong growth in Revenue. The Revenue has been growing by 30.49% on average per year.
Based on estimates for the next years, NXT will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.73% on average per year.
Based on estimates for the next years, NXT will show a quite strong growth in Revenue. The Revenue will grow by 10.61% on average per year.
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.

Health Assessment of NASDAQ:NXT

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:

An Altman-Z score of 3.12 indicates that NXT is not in any danger for bankruptcy at the moment.
NXT has a better Altman-Z score (3.12) than 71.91% of its industry peers.
NXT has a debt to FCF ratio of 0.34. This is a very positive value and a sign of high solvency as it would only need 0.34 years to pay back of all of its debts.
NXT's Debt to FCF ratio of 0.34 is amongst the best of the industry. NXT outperforms 95.51% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that NXT is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.11, NXT is in the better half of the industry, outperforming 64.04% of the companies in the same industry.
NXT has a Current Ratio of 2.21. This indicates that NXT is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of NXT (2.21) is better than 64.04% of its industry peers.
The Quick ratio of NXT (1.99) is better than 77.53% of its industry peers.

Looking at the Profitability

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:

Looking at the Return On Assets, with a value of 17.54%, NXT belongs to the top of the industry, outperforming 98.88% of the companies in the same industry.
The Return On Equity of NXT (38.36%) is better than 98.88% of its industry peers.
NXT has a Return On Invested Capital of 27.99%. This is amongst the best in the industry. NXT outperforms 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NXT is significantly above the industry average of 9.63%.
The 3 year average ROIC (17.04%) for NXT is below the current ROIC(27.99%), indicating increased profibility in the last year.
NXT has a Profit Margin of 17.33%. This is amongst the best in the industry. NXT outperforms 97.75% of its industry peers.
NXT's Profit Margin has improved in the last couple of years.
The Operating Margin of NXT (25.56%) is better than 98.88% of its industry peers.
NXT's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 36.13%, NXT belongs to the top of the industry, outperforming 82.02% of the companies in the same industry.
NXT's Gross Margin has improved in the last couple of years.

How does the Setup look for NASDAQ:NXT

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.

Keep in mind

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.