Nutanix Inc (NASDAQ:NTNX) finished Wednesday with an addition of $0.6 to close at $35.72, an upside of 1.71 percent. An average of 3,483,480 shares of common stock have been traded in the last five days. There was a gain of $1.97 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 2,837,470 shares traded, while the 50-day average volume stands at 1,969,064.
NTNX stock has increased by 16.54% in the last month. The company shares reached their 1-month lowest point of $29.80 on 08/28/23. With the stock rallying to its 52-week high on 09/27/23, shares of the company touched a low of $19.96 and a high of $36.75 in 52 weeks. It has reached a new high 21 times so far this year and achieved 37.12% or $9.67 in price. In spite of this, the price is down -2.80% 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 2 days ago on Sep 26. In this transaction, the insider spent $4,789,570. President and CEO, RAMASWAMI RAJIV, disposed of 45,902 shares at a price of $35.08 on Sep 26. The insider now owns more than $1,610,337 worth of shares. Prior to that, President and CEO RAMASWAMI RAJIV went on to Sale 138,038 shares at $33.88 each on Sep 18. An amount of $4,676,727 was transacted.
Valuation Metrics
Nutanix Inc (NTNX) stock’s beta is 1.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.52, and the price-to-cash flow ratio at 40.68.
Financial Health
The quick ratio of Nutanix Inc for the three months ended July 30 was 1.53, and the current ratio was 1.53, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $1.53 billion compared to revenue of $1.86 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$13.69 million in the quarter, while revenues were shrunk -1002.92%. The analyst consensus anticipated Nutanix Inc’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $0.24, a 50.00% surprise. For the quarter, EBITDA amounted to $16.43 million. Shareholders own equity worth $239.61 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 27 September was 64.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.83%.
As of today, NTNX’s price is $35.03 +5.84% or $1.97 from its 5-day moving average. NTNX is currently trading +15.94% higher than its 20-day SMA and +48.71% higher than its 100-day SMA. However, the stock’s current price level is +23.51% above the SMA50 and +14.60% above the SMA200.
The stochastic %K and %D were 60.64% and 53.09%, respectively, and the average true range (ATR) was 1.36. With the 14-day stochastic at 68.17% and the average true range at 1.26, the RSI (14) stands at 64.38%. The stock has reached 0.70 on the 9-day MACD Oscillator while the 14-day reading was at 0.20.
Analyst Ratings
BofA Securities upgraded Nutanix Inc (NASDAQ: NTNX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Nutanix Inc (NTNX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NTNX, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
