In the past week, NTNX stock has gone up by 4.46%, with a monthly gain of 13.66% and a quarterly surge of 13.52%. The volatility ratio for the week is 2.54%, and the volatility levels for the last 30 days are 3.11% for Nutanix Inc. The simple moving average for the past 20 days is 2.06% for NTNX’s stock, with a 6.48% simple moving average for the past 200 days.
Is It Worth Investing in Nutanix Inc (NASDAQ: NTNX) Right Now?
Additionally, the 36-month beta value for NTNX is 1.19. 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 245.66M and currently, short sellers hold a 2.41% ratio of that float. The average trading volume of NTNX on September 25, 2024 was 2.52M shares.
NTNX) stock’s latest price update
Nutanix Inc (NASDAQ: NTNX) has experienced a decline in its stock price by -0.69 compared to its previous closing price of 61.06. However, the company has seen a gain of 4.46% in its stock price over the last five trading days. youtube.com reported 2024-09-23 that Rajiv Ramaswami, the CEO of cloud computing company Nutanix, talks about enterprise spending on artificial intelligence, and why demand is set to stay resilient.
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 12.83% 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 -17.71% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares surge +14.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.20% upper at present.
During the last 5 trading sessions, NTNX rose by +4.46%, which changed the moving average for the period of 200-days by +35.51% in comparison to the 20-day moving average, which settled at $59.80. In addition, Nutanix Inc saw 27.15% 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 24,316 shares at the price of $58.85 back on Sep 17 ’24. After this action, Sivaraman Rukmini now owns 192,169 shares of Nutanix Inc, valued at $1,430,939 using the latest closing price.
Sangster David, the Chief Operating Officer of Nutanix Inc, sale 11,950 shares at $59.83 during a trade that took place back on Sep 16 ’24, which means that Sangster David is holding 123,868 shares at $714,968 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 0.04.
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 7.5. 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
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.
