Additionally, the 36-month beta value for NTNX is 1.16. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 8 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for NTNX is 249.71M and currently, short sellers hold a 1.86% ratio of that float. The average trading volume of NTNX on November 26, 2024 was 1.94M shares.
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NTNX) stock’s latest price update
Nutanix Inc (NASDAQ: NTNX)’s stock price has decreased by -0.52 compared to its previous closing price of 73.18. However, the company has seen a 6.20% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-25 that Nutanix is set to gain significant market share from VMware due to Broadcom’s changes, with a ‘Strong Buy’ rating and a $90 target price. Nutanix’s strong ACV and ARR growth is driven by partnerships with Dell, Cisco, and Nvidia, and its solutions on Azure and AWS platforms. Nutanix’s up-market focus and new AI offerings are expected to accelerate revenue growth, with a projected 18% organic revenue increase.
NTNX’s Market Performance
NTNX’s stock has risen by 6.20% in the past week, with a monthly rise of 18.20% and a quarterly rise of 36.84%. The volatility ratio for the week is 3.05% while the volatility levels for the last 30 days are 2.66% for Nutanix Inc The simple moving average for the last 20 days is 6.43% for NTNX stock, with a simple moving average of 21.09% for the last 200 days.
Analysts’ Opinion of NTNX
Many brokerage firms have already submitted their reports for NTNX stocks, with Oppenheimer repeating the rating for NTNX by listing it as a “Outperform.” The predicted price for NTNX in the upcoming period, according to Oppenheimer is $80 based on the research report published on November 13, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see NTNX reach a price target of $72, previously predicting the price at $71. The rating they have provided for NTNX stocks is “Overweight” according to the report published on October 28th, 2024.
Northland Capital gave a rating of “Market Perform” to NTNX, setting the target price at $71 in the report published on May 30th of the current year.
NTNX Trading at 13.45% 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 -1.21% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +13.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.70% upper at present.
During the last 5 trading sessions, NTNX rose by +6.20%, which changed the moving average for the period of 200-days by +25.19% in comparison to the 20-day moving average, which settled at $68.40. In addition, Nutanix Inc saw 52.65% 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 -4.65 points at debt to capital in total, while cash flow to debt ratio is standing at 1.12. 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 172.72 million with net debt to EBITDA at 0.24. When we switch over and look at the enterprise to sales, we see a ratio of 9.09. The receivables turnover for the company is 9.04for 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.
