As of Friday close, Nutanix Inc.’s (NASDAQ:NTNX) stock was down -$0.02, moving down -0.07 percent to $30.21. The average number of shares traded per day over the past five days has been 1,113,800 shares. 2 times new highs have been achieved over the past 5 days, with a $0.71 gain in that time frame. In the last twenty days, the average volume was 1,116,875, while in the previous 50 days, it was 1,349,226.
Since last month, NTNX stock rose 5.15%. Shares of the company fell to $28.49 on 08/02/23, the lowest level in the past month. A 52-week high of $33.73 was reached on 07/27/23 after having rallying from a 52-week low of $17.26. Since the beginning of this year, NTNX’s stock price has risen by 15.97% or $4.16, and marked a new high 13 times. However, the stock has declined by -10.45% since its 52-week high.
NTNX stock investors should be aware that Nutanix Inc. (NTNX) stock had its last reported insider trading activity 228 days ago on Jan 03. Wall Tyler, the Chief Legal Officer of the company, disposed of 90,000 shares for $26.19 on Jan 03. It resulted in a $2,357,073 divestment by the insider. RAMASWAMI RAJIV sold 5,000 shares at an average price of $28.34 on Dec 21. The insider now owns 310,348 shares following the transaction. On Dec 20, Director Conway Craig sold 25,000 shares at $30.38 apiece. The transaction was valued at $759,575.
Financial Health
In the three months ended April 30, Nutanix Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 81.20% percent. In the year ended April 30, EBITDA margin amounted to -20.29%, whereas operating margins totaled -18.80%. Based on annual data, NTNX earned $1.26 billion in gross profit and brought in $1.58 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -103.80%. Return on equity (ROE) for the past 12 months was 49.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NTNX’s revenue rose 10.01% to $486.5 million during the quarter, while net income inched up to $448.58 million. While analysts expected Nutanix Inc. to report $0.03 quarterly earnings, the actual figure was $0.04 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated -$28.36 million in EBITDA. The liabilities of Nutanix Inc. were 3.19 billion at the end of its most recent quarter ended April 30, and its total debt was $1.33 billion. The value of shareholders’ equity is $235.76 million.
Technical Picture
This quick technical analysis looks at Nutanix Inc.’s (NTNX) price momentum. With a historical volatility rate of 13.32%, the RSI 9-day stood at 59.77% on 18 August.
With respect to its five-day moving average, the current Nutanix Inc. price is up by +2.41% percent or $0.71. At present, NTNX shares trade +3.21% above its 20-day simple moving average and +20.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.21% above its SMA50 and +10.26% above its SMA200.
Stochastic coefficient K was 71.45% and Stochastic coefficient D was 70.49%, while ATR was 0.79. Given the Stochastic reading of 70.49% for the 14-day period, the RSI (14) reading has been calculated as 58.17%. As of today, the MACD Oscillator reading stands at 0.31, while the 14-day reading stands at 0.41.
Analyst Ratings
Cleveland Research upgraded its rating on Nutanix Inc. (NASDAQ: NTNX) to a Buy in a note to investors on October 11, 2022. The analysts firm previously had a Neutral rating on the stock.Nutanix Inc. (NTNX) has been rated Overweight by analysts. According to 0 brokerage firms, NTNX is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Nutanix Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $35.00, the current consensus forecast for the stock is $32.00 – $39.00. Based on these forecasts, analysts predict Nutanix Inc. (NTNX) will achieve an average price target of $35.25.
