Nutanix Inc. (NASDAQ:NTNX) finished Friday with a subtraction of -$0.5 to close at $29.59, a downside of -1.66 percent. An average of 2,108,080 shares of common stock have been traded in the last five days. There was a fall of -$0.62 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 1,316,135 shares traded, while the 50-day average volume stands at 1,439,212.
NTNX stock has decreased by -0.80% in the last month. The company shares reached their 1-month lowest point of $28.49 on 08/02/23. With the stock rallying to its 52-week high on 08/24/23, shares of the company touched a low of $17.26 and a high of $33.73 in 52 weeks. It has reached a new high 17 times so far this year and achieved 13.59% or $3.54 in price. In spite of this, the price is down -12.28% from the 52-week high.
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Insider Transactions
NTNX stock investors should be aware that Nutanix Inc. (NTNX) stock had its last reported insider trading activity 235 days ago on Jan 03. In this transaction, the insider spent $2,357,073. President and CEO, RAMASWAMI RAJIV, disposed of 5,000 shares at a price of $28.34 on Dec 21. The insider now owns more than $141,715 worth of shares. Prior to that, Director Conway Craig went on to Sale 25,000 shares at $30.38 each on Dec 20. An amount of $759,575 was transacted.
Valuation Metrics
Nutanix Inc. (NTNX) stock’s beta is 1.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.98, and the price-to-cash flow ratio at 37.80.
Financial Health
The quick ratio of Nutanix Inc. for the three months ended April 29 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Nutanix Inc.’s EBITDA margin for the year ending April 29 is -20.29%, while its operating margin for the same period stands at -18.80%. Its gross profit as reported stood at $1.26 billion compared to revenue of $1.58 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nutanix Inc.’s return on assets was -16.50%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$70.97 million in the quarter, while revenues were shrunk -57.31%. The analyst consensus anticipated Nutanix Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.04, a 33.30% surprise. For the quarter, EBITDA amounted to -$28.36 million. Shareholders own equity worth $235.76 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Nutanix Inc. (NTNX) price momentum. RSI 9-day as of the close on 25 August was 41.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.91%.
As of today, NTNX’s price is $30.81 -2.05% or -$0.62 from its 5-day moving average. NTNX is currently trading -0.64% lower than its 20-day SMA and +17.37% higher than its 100-day SMA.
The stochastic %K and %D were 50.02% and 72.81%, respectively, and the average true range (ATR) was 0.94. With the 14-day stochastic at 18.92% and the average true range at 0.90, the RSI (14) stands at 46.92%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at 0.23.
Analyst Ratings
Cleveland Research upgraded Nutanix Inc. (NASDAQ: NTNX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
What is NTNX’s price target for the next 12 months?
Analysts predict a range of price targets between $32.00 and $39.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for Nutanix Inc. (NTNX) stock is $35.50.
