Nutanix Inc. (NASDAQ:NTNX) went up by 0.71% from its latest closing price compared to the recent 1-year high of $44.50. The company’s stock price has collected -7.48% of loss in the last five trading sessions. Press Release reported on 10/08/21 that Tech Data, a Legacy Company of TD SYNNEX Awarded the 2021 Americas Distributor of the Year from Nutanix
Is It Worth Investing in Nutanix Inc. (NASDAQ :NTNX) Right Now?
Plus, the 36-month beta value for NTNX is at 1.72. Opinions of the stock are interesting as 9 analysts out of 14 who provided ratings for Nutanix Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $49.45, which is $11.94 above the current price. NTNX currently public float of 206.46M and currently shorts hold a 3.84% ratio of that float. Today, the average trading volume of NTNX was 2.20M shares.
NTNX’s Market Performance
NTNX stocks went down by -7.48% for the week, with a monthly drop of -15.46% and a quarterly performance of 1.97%, while its annual performance rate touched 48.26%. The volatility ratio for the week stands at 3.46% while the volatility levels for the past 30 days are set at 3.58% for Nutanix Inc.. The simple moving average for the period of the last 20 days is -9.47% for NTNX stocks with a simple moving average of 5.92% for the last 200 days.
Analysts’ Opinion of NTNX
Many brokerage firms have already submitted their reports for NTNX stocks, with Needham repeating the rating for NTNX by listing it as a “Buy.” The predicted price for NTNX in the upcoming period, according to Needham is $64 based on the research report published on September 02nd of the current year 2021.
JMP Securities, on the other hand, stated in their research note that they expect to see NTNX reach a price target of $48, previously predicting the price at $45. The rating they have provided for NTNX stocks is “Mkt Outperform” according to the report published on September 02nd, 2021.
Needham gave a rating of “Buy” to NTNX, setting the target price at $61 in the report published on June 23rd of the current year.
NTNX Trading at -7.78% from the 50-Day Moving Average
After a stumble in the market that brought NTNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.74% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -17.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.65% lower at present.
During the last 5 trading sessions, NTNX fell by -7.48%, which changed the moving average for the period of 200-days by +8.93% in comparison to the 20-day moving average, which settled at $38.58. In addition, Nutanix Inc. saw 10.67% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NTNX starting from Williams Duston, who sale 43,632 shares at the price of $37.06 back on Oct 07. After this action, Williams Duston now owns 224,071 shares of Nutanix Inc., valued at $1,616,932 using the latest closing price.
Wall Tyler, the Chief Legal Officer of Nutanix Inc., sale 60,000 shares at $37.97 during a trade that took place back on Oct 06, which means that Wall Tyler is holding 83,370 shares at $2,278,284 based on the most recent closing price.
Stock Fundamentals for NTNX
Current profitability levels for the company are sitting at:
- -47.29 for the present operating margin
- +78.88 for the gross margin
The net margin for Nutanix Inc. stands at -74.17. The total capital return value is set at -239.84, while invested capital returns managed to touch -441.22. Equity return is now at value 134.60, with -45.10 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 5.32, with the company’s debt to enterprise value settled at 0.16. The receivables turnover for the company is 6.22 and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.