The stock of Nutanix Inc. (NASDAQ:NTNX) increased by $0.16 on Tuesday to finish at $30.81, up 0.52 percent. The last five days have seen an average of 2,081,680 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $4.76. The average number of shares traded over the last 20 days was 1,388,975, while the average volume over the last 50 days totaled 1,438,476.
NTNX stock appreciated 2.02% since last month. On 08/02/23, the company’s shares reached a one-month low of $28.49. The stock touched a high of $33.73 on 08/24/23, after rallying from a low of $17.26 in 52 weeks. The price of NTNX stock has risen by 18.27% or $4.76 this year, reaching a new high 17 times. Still, the stock price is down -8.67% 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 239 days ago on Jan 03. On Jan 03, Chief Legal Officer Wall Tyler sold 90,000 shares at $26.19 each. This transaction resulted in the insider making $2,357,073. On Dec 21, RAMASWAMI RAJIV sold 5,000 shares at a price of US$28.34. After the transaction, the insider now owns 310,348 shares. Director Conway Craig had earlier sold 25,000 shares on Dec 20 for $30.38 a share. The transaction was completed for $759,575.
Valuation Metrics
Beta for the stock is 1.29. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.21, and the price-to-cash flow ratio of 39.99.
Financial Health
For the three months ended April 29, Nutanix Inc.’s quick ratio was 1.50, while its current ratio was 1.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 81.20% percent. Nutanix Inc.’s EBITDA margin for the year ended April 29 was -20.29%, whereas its operating margin stood at -18.80% for the same period. Based on annual data, it had gross profit of $1.26 billion and revenue of $1.58 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NTNX’s return on assets (ROA) during the last 12 months has been -16.50%. There was a -103.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 49.80%.
Earnings Surprise
According to Nutanix Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $448.58 million, while revenues rose by 10.01% to $486.5 million. It was predicted that Nutanix Inc.’s quarterly earnings would be $0.04, but it ended up being $0.03, beating the consensus by 33.30%. EBITDA was -$28.36 million for the quarter. At the end of Nutanix Inc.’s most recent quarter ended April 29, its liabilities totaled 3.19 billion, while its total debt was $1.33 billion. Equity owned by shareholders amounts to $235.76 million.
Technical Picture
Here’s a quick look at Nutanix Inc.’s (NTNX) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 56.17%, suggesting the stock is Neutral, with a 39.28% historical volatility rate.
The stochastic %K and %D were 43.09% and 42.93% respectively, while the average true range (ATR) was 0.96. Based on the 14-day stochastic reading of 58.02%, the RSI (14) reading is 56.43%. On the 9-day MACD Oscillator, the stock is at -0.31, and the 14-day reading is at -0.05.
Analyst Ratings
In its most recent analyst report, Cleveland Research raised its rating on Nutanix Inc. (NASDAQ: NTNX) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Nutanix Inc. (NTNX) an Overweight rating. NTNX is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is NTNX’s price target for the next 12 months?
The current consensus forecast for the stock is between $32.00 and $39.00, with a median target price of $35.00. In analyzing these forecasts, the average price target given by analysts for Nutanix Inc. (NTNX) is $35.50.
