Nutanix Inc. (NASDAQ:NTNX) saw an upside of 1.11% to $35.41 after adding $0.39 on Wednesday. The 5-day average trading volume is 2,203,182 shares of the company’s common stock. It has gained $38.50 in the past week. An average of 2,972,480 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,426,414.
NTNX’s 1-month performance is -16.26% or -$6.17 on its low of $34.58 reached on 10/11/21. The company’s shares have touched a 52-week low of $23.07 and high of $44.50, with the stock’s rally to the 52-week high happening on 09/07/21. YTD, NTNX has achieved 9.88% or $3.78. However, the current price is down -20.43%% from the 52-week high price.
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
On Oct 07, 6 days have gone by since the last insider trading activity for Nutanix Inc. (NTNX). Williams Duston (Chief Financial Officer) most recently sold 43,632 shares at $37.06 per share on Oct 07. This transaction cost the insider $1,616,932. Chief Legal Officer, Wall Tyler, sold 60,000 shares at a price of $37.97 on Oct 06. Then, on Sep 16, Chief Accounting Officer Boynton Aaron sold 3,327 shares at a price of $41.74 per share. This transaction amounted to $138,869.
Nutanix Inc. (NTNX) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.97 for the sector.NTNX stock has a beta of 1.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.57.
Nutanix Inc.’s quick ratio for the period ended July 30 was 1.70, with the current ratio over the same period at 1.70 meaning that NTNX stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 79.10%. The trailing 12-month EBITDA margin is -38.03% while for the period ending July 30; Nutanix Inc.’s operating margin was -47.40%. The firm’s gross profit as reported stood at $1.1 billion against revenue of $1.39 billion.
For the quarterly period ending July 30 this year, Nutanix Inc.’s cash and short-term investments amounted to $928.01 million against total debt of $1.18 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 16.09% to $390.72 million, while revenue of $344.51 million was 11.83% off the previous quarter. Analysts expected NTNX to announce -$0.42 per share in earnings in its latest quarter, but it posted -$0.26, representing a 38.10% surprise. EBITDA for the quarter stood at more than -$100.44 million. NTNX stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 3.29 billion, with total debt at $1.18 billion. Shareholders hold equity totaling $214.22 million
Let’s look briefly at Nutanix Inc. (NTNX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 36.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.25%.
The stock’s 5-day moving average is $35.47, reflecting a -6.48% or -$2.47 change from its current price. NTNX is currently trading -16.65% above its 20-day SMA, +18.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -1.60% and +10.10% respectively.
Stochastic %K and %D was 6.81% and 3.35% and the average true range (ATR) pointed at 1.36. The RSI (14) points at 39.29%, while the 14-day stochastic is at 13.77% with the period’s ATR at 1.39. The stock’s 9-day MACD Oscillator is pointing at -1.53 and -2.42 on the 14-day charts.
In the most recent analyst report for Nutanix Inc. (NASDAQ: NTNX), Needham reiterated its a Buy rating for the company but lifted their price target by $61 to $64. Analysts offering their rating for NTNX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NTNX as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.
What is NTNX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $40.00 and a high of $64.00, with their median price target at $50.00. Looking at these predictions, the average price target given by analysts is for Nutanix Inc. (NTNX) stock is $49.45.