Nutanix Inc (NTNX) Shares Down Despite Recent Market Volatility

The stock of Nutanix Inc (NASDAQ: NTNX) has decreased by -2.79 when compared to last closing price of 62.32.Despite this, the company has seen a loss of -4.78% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-27 that Nutanix’s strong business performance has pushed its valuation to new heights, leading to a buy rating recommendation. The company reported impressive results, with revenue growth driven by strong renewals and cost management. NTNX’s ability to capture the VMware opportunity and its partnership with Cisco are seen as significant growth drivers.

Is It Worth Investing in Nutanix Inc (NASDAQ: NTNX) Right Now?

Additionally, the 36-month beta value for NTNX is 1.28. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”

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The public float for NTNX is 243.30M and currently, short sellers hold a 2.72% ratio of that float. The average trading volume of NTNX on April 02, 2024 was 2.88M shares.

NTNX’s Market Performance

NTNX stock saw a decrease of -4.78% in the past week, with a monthly decline of -5.93% and a quarterly a decrease of 27.03%. The volatility ratio for the week is 3.37%, and the volatility levels for the last 30 days are 3.37% for Nutanix Inc (NTNX). The simple moving average for the past 20 days is -4.85% for NTNX’s stock, with a 43.49% simple moving average for the past 200 days.

Analysts’ Opinion of NTNX

Needham, on the other hand, stated in their research note that they expect to see NTNX reach a price target of $54, previously predicting the price at $44. The rating they have provided for NTNX stocks is “Buy” according to the report published on November 30th, 2023.

BofA Securities gave a rating of “Buy” to NTNX, setting the target price at $50 in the report published on September 21st of the previous year.

NTNX Trading at 1.01% 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 -9.57% of loss for the given period.

Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 3.37%, as shares sank -7.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.86% upper at present.

During the last 5 trading sessions, NTNX fell by -5.22%, which changed the moving average for the period of 200-days by +103.79% in comparison to the 20-day moving average, which settled at $63.41. In addition, Nutanix Inc saw 27.03% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NTNX starting from Wall Tyler, who sale 15,000 shares at the price of $62.25 back on Mar 21 ’24. After this action, Wall Tyler now owns 13,168 shares of Nutanix Inc, valued at $933,687 using the latest closing price.

RAMASWAMI RAJIV, the President and CEO of Nutanix Inc, sale 23,932 shares at $63.05 during a trade that took place back on Mar 18 ’24, which means that RAMASWAMI RAJIV is holding 373,024 shares at $1,508,862 based on the most recent closing price.

Stock Fundamentals for NTNX

Current profitability levels for the company are sitting at:

  • -0.02 for the present operating margin
  • 0.84 for the gross margin

The net margin for Nutanix Inc stands at -0.04. The total capital return value is set at -0.03.

Based on Nutanix Inc (NTNX), the company’s capital structure generated 1.91 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at -2.1. The interest coverage ratio of the stock is -0.87.

Currently, EBITDA for the company is -130.76 million with net debt to EBITDA at 28.08. When we switch over and look at the enterprise to sales, we see a ratio of 7.65. The receivables turnover for the company is 10.31for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.

Conclusion

In conclusion, Nutanix Inc (NTNX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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