Additionally, the 36-month beta value for NTNX is 1.14. 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.”
The public float for NTNX is 243.36M and currently, short sellers hold a 2.10% ratio of that float. The average trading volume of NTNX on May 08, 2024 was 2.61M shares.
NTNX) stock’s latest price update
Nutanix Inc (NASDAQ: NTNX) has seen a rise in its stock price by 0.60 in relation to its previous close of 64.93. However, the company has experienced a 7.61% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Nutanix (NTNX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
NTNX’s Market Performance
Nutanix Inc (NTNX) has experienced a 7.61% rise in stock performance for the past week, with a -0.80% drop in the past month, and a 15.53% rise in the past quarter. The volatility ratio for the week is 3.28%, and the volatility levels for the past 30 days are at 3.33% for NTNX. The simple moving average for the last 20 days is 5.54% for NTNX stock, with a simple moving average of 40.56% for the last 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 4.18% 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 -2.49% of loss for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares surge +1.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.86% upper at present.
During the last 5 trading sessions, NTNX rose by +7.61%, which changed the moving average for the period of 200-days by +123.16% in comparison to the 20-day moving average, which settled at $61.93. In addition, Nutanix Inc saw 36.97% 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 8.24. 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 better 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.
