The stock of Nutanix Inc (NASDAQ: NTNX) has increased by 0.13 when compared to last closing price of 60.15.Despite this, the company has seen a loss of -2.63% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-10 that I maintain a buy rating for Nutanix stock due to robust growth outlook and signs of capturing market share from VMware. Despite a slowdown in headline revenue growth, strong ACV billings and ARR growth indicate underlying demand remains solid. Nutanix benefits from VMware customer dissatisfaction post-Broadcom acquisition, with a growing pipeline of large deals.
Is It Worth Investing in Nutanix Inc (NASDAQ: NTNX) Right Now?
NTNX has 36-month beta value of 1.19. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 6 as “overweight,” 4 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for NTNX is 228.15M, and currently, short sellers hold a 2.83% ratio of that float. The average trading volume of NTNX on September 11, 2024 was 2.59M shares.
NTNX’s Market Performance
NTNX stock saw an increase of -2.63% in the past week, with a monthly gain of 20.90% and a quarterly increase of 11.70%. The volatility ratio for the week is 3.56%, and the volatility levels for the last 30 days are 2.84% for Nutanix Inc (NTNX). The simple moving average for the last 20 days is 8.30% for NTNX’s stock, with a simple moving average of 7.40% for the last 200 days.
Analysts’ Opinion of NTNX
Many brokerage firms have already submitted their reports for NTNX stocks, with Northland Capital repeating the rating for NTNX by listing it as a “Market Perform.” The predicted price for NTNX in the upcoming period, according to Northland Capital is $71 based on the research report published on May 30, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see NTNX reach a price target of $72. The rating they have provided for NTNX stocks is “Outperform” according to the report published on May 08th, 2024.
NTNX Trading at 12.57% 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 -18.27% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 3.56%, as shares surge +20.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.95% upper at present.
During the last 5 trading sessions, NTNX fell by -2.63%, which changed the moving average for the period of 200-days by +50.24% in comparison to the 20-day moving average, which settled at $56.13. In addition, Nutanix Inc saw 26.29% 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 CHRIS GOMO LEGACY TRUST, who proposed sale 30,000 shares at the price of $60.05 back on Sep 10 ’24. After this action, CHRIS GOMO LEGACY TRUST now owns shares of Nutanix Inc, valued at $1,801,473 using the latest closing price.
RAMASWAMI RAJIV, the President and CEO of Nutanix Inc, sale 23,986 shares at $54.19 during a trade that took place back on Jun 18 ’24, which means that RAMASWAMI RAJIV is holding 407,045 shares at $1,299,738 based on the most recent closing price.
Stock Fundamentals for NTNX
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.85 for the gross margin
The net margin for Nutanix Inc stands at -0.06. The total capital return value is set at 0.01.
Based on Nutanix Inc (NTNX), the company’s capital structure generated -4.44 points at debt to capital in total, while cash flow to debt ratio is standing at 1.13. The debt to equity ratio resting at -0.82. The interest coverage ratio of the stock is 0.15.
Currently, EBITDA for the company is 80.96 million with net debt to EBITDA at 0.36. When we switch over and look at the enterprise to sales, we see a ratio of 6.93. The receivables turnover for the company is 9.35for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
To put it simply, Nutanix Inc (NTNX) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
