As of Wednesday close, Nutanix Inc.’s (NASDAQ:NTNX) stock was up $0.16, moving up 0.48 percent to $33.75. The average number of shares traded per day over the past five days has been 2,078,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.25 fall in that time frame. In the last twenty days, the average volume was 2,487,020, while in the previous 50 days, it was 1,763,020.
Since last month, NTNX stock rose 9.15%. Shares of the company fell to $29.25 on 08/25/23, the lowest level in the past month. A 52-week high of $36.71 was reached on 09/11/23 after having rallying from a 52-week low of $19.96. Since the beginning of this year, NTNX’s stock price has risen by 29.56% or $7.70, and marked a new high 19 times. However, the stock has declined by -8.06% since its 52-week high.
NTNX stock investors should be aware that Nutanix Inc. (NTNX) stock had its last reported insider trading activity 3 days ago on Sep 18. RAMASWAMI RAJIV, the President and CEO of the company, disposed of 138,038 shares for $33.88 on Sep 18. It resulted in a $4,676,727 divestment by the insider. Sangster David sold 45,560 shares at an average price of $33.88 on Sep 18. The insider now owns 203,389 shares following the transaction. On Sep 18, Chief Financial Officer Sivaraman Rukmini sold 38,170 shares at $33.88 apiece. The transaction was valued at $1,293,200.
Financial Health
In the three months ended July 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 82.20% percent. In the year ended July 30, operating margins totaled -19.50%. 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 55.00%.
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 $0.16 quarterly earnings, the actual figure was $0.24 per share. 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 July 30, and its total debt was $1.32 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 17.42%, the RSI 9-day stood at 46.28% on 20 September.
With respect to its five-day moving average, the current Nutanix Inc. price is down by -6.25% percent or -$2.25. At present, NTNX shares trade +6.40% above its 20-day simple moving average and +41.10% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.92% above its SMA50 and +10.51% above its SMA200.
Stochastic coefficient K was 56.47% and Stochastic coefficient D was 66.50%, while ATR was 1.03. Given the Stochastic reading of 53.20% for the 14-day period, the RSI (14) reading has been calculated as 53.75%. As of today, the MACD Oscillator reading stands at -1.38, while the 14-day reading stands at -1.06.
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 7 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 9 recommending it as overweight.
With a median target price of $40.00, the current consensus forecast for the stock is $35.00 – $45.00. Based on these forecasts, analysts predict Nutanix Inc. (NTNX) will achieve an average price target of $40.58.
