Nutanix Inc. (NASDAQ:NTNX) went up by 3.96% from its latest closing price compared to the recent 1-year high of $44.50. The company’s stock price has collected 4.61% of gains in the last five trading sessions. Barron’s reported on 05/26/22 that Nutanix Guidance Disappoints. Software Isn’t Immune to Supply-Chain Issues.
Is It Worth Investing in Nutanix Inc. (NASDAQ :NTNX) Right Now?
Plus, the 36-month beta value for NTNX is at 1.49.
NTNX currently public float of 218.57M and currently shorts hold a 3.76% ratio of that float. Today, the average trading volume of NTNX was 2.59M shares.
NTNX’s Market Performance
NTNX stocks went up by 4.61% for the week, with a monthly drop of -31.03% and a quarterly performance of -43.41%, while its annual performance rate touched -61.73%. The volatility ratio for the week stands at 5.03% while the volatility levels for the past 30 days are set at 6.32% for Nutanix Inc. The simple moving average for the period of the last 20 days is -5.52% for NTNX stocks with a simple moving average of -48.35% for the last 200 days.
Analysts’ Opinion of NTNX
BofA Securities, on the other hand, stated in their research note that they expect to see NTNX reach a price target of $22, previously predicting the price at $54. The rating they have provided for NTNX stocks is “Neutral” according to the report published on May 26th, 2022.
KeyBanc Capital Markets gave a rating of “Overweight” to NTNX, setting the target price at $39 in the report published on January 19th of the current year.
NTNX Trading at -28.11% 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 -66.34% of loss for the given period.
Volatility was left at 6.32%, however, over the last 30 days, the volatility rate increased by 5.03%, as shares sank -28.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.36% lower at present.
During the last 5 trading sessions, NTNX rose by +4.61%, which changed the moving average for the period of 200-days by -65.92% in comparison to the 20-day moving average, which settled at $15.56. In addition, Nutanix Inc. saw -52.98% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at NTNX starting from RAMASWAMI RAJIV, who sale 5,000 shares at the price of $14.62 back on Jun 21. After this action, RAMASWAMI RAJIV now owns 218,392 shares of Nutanix Inc., valued at $73,080 using the latest closing price.
RAMASWAMI RAJIV, the President and CEO of Nutanix Inc., sale 50,134 shares at $13.97 during a trade that took place back on Jun 16, which means that RAMASWAMI RAJIV is holding 223,392 shares at $700,372 based on the most recent closing price.
Stock Fundamentals for NTNX
Equity return is now at value 127.30, with -43.70 for asset returns.