The stock of Nutanix Inc (NTNX) has gone down by -3.24% for the week, with a -1.16% drop in the past month and a 23.88% rise in the past quarter. The volatility ratio for the week is 3.77%, and the volatility levels for the past 30 days are 3.67% for NTNX.. The simple moving average for the past 20 days is -1.61% for NTNX’s stock, with a 41.85% simple moving average for the past 200 days.
Is It Worth Investing in Nutanix Inc (NASDAQ: NTNX) Right Now?
The stock has a 36-month beta value of 1.27. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 6 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for NTNX is 243.36M, and at present, short sellers hold a 2.58% of that float. On April 17, 2024, the average trading volume of NTNX was 2.83M shares.
NTNX) stock’s latest price update
The stock price of Nutanix Inc (NASDAQ: NTNX) has jumped by 2.21 compared to previous close of 61.06. Despite this, the company has seen a fall of -3.24% in its stock price over the last five trading days. Schaeffers Research reported 2024-04-03 that Shares of cloud computing firm Nutanix Inc (NASDAQ:NTNX) are rebounding this afternoon, last seen 3.8% higher at $63.44.
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 1.42% 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 -6.84% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 3.77%, as shares sank -3.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.86% upper at present.
During the last 5 trading sessions, NTNX fell by -3.24%, which changed the moving average for the period of 200-days by +130.47% in comparison to the 20-day moving average, which settled at $63.31. In addition, Nutanix Inc saw 30.87% 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 Sivaraman Rukmini, who sale 53,029 shares at the price of $64.77 back on Apr 10 ’24. After this action, Sivaraman Rukmini now owns 144,635 shares of Nutanix Inc, valued at $3,434,765 using the latest closing price.
Wall Tyler, the Chief Legal Officer of Nutanix Inc, sale 15,000 shares at $62.25 during a trade that took place back on Mar 21 ’24, which means that Wall Tyler is holding 13,168 shares at $933,687 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 7.89. 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
To sum up, Nutanix Inc (NTNX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
