Nutanix Inc (NASDAQ:NTNX) currently has a daily average trading volume of 2.79M but it saw 4744481 shares traded in last market. With a market cap of 15.70B USD, the company’s current market price of $64.25 came falling about -2.01 while comparing to the previous closing price of $65.57. In past 52 weeks, the stock remained buoying in the range of price level as high as $66.99 and as low as $23.34.
Taking a look at 20-day trading activity of Nutanix Inc (NTNX) gives us an average price of $63.56, while its current price level is -4.09% below from 52-week high level whereas it is 175.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $61.31 while that of 200 days or SMA-200 reads an average of $43.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.73% during that period while stretching the period over a month that decreases to 3.63%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.00 which implies that the stock is in neutral territory.
BofA Securities also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $39 and $50.
Over the week, NTNX’s stock price is moving 0.77% up while it is 0.69% when we observe its performance for the past one month. Year-to-date it is 34.72% up and over the past year, the stock is showing an upside performance of 155.26%.
The latest quarterly earnings report issued by the company was for quarter ended 1/30/2024, when its quarterly earnings per share (EPS) of $0.46 beat the consensus estimate of $0.29 for the same. For NTNX, analysts are forecasting an EPS-growth rate of 78.30% for current year and estimate for EPS growth in next year is 23.40%. In next quarter, company is expected to be making quarterly sales of $546.07 million as analysts are expecting the sales for current fiscal year at $2.14 billion and seeing the company making $2.5 billion in sales next year. Moreover, analysts are in estimates of $516.18 million for current-quarter revenue.
Currently, Nutanix Inc’s total number of outstanding shares is 244.33M with 0.43% of that held by the insiders while 83.79% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -9.34%. It has a 48.74 of forward P/E ratio. Stock’s beta reads 1.26. Stock has a price to sale or P/S ratio amounts to 7.77. Its return on asset (ROA) is -2.64% on average.
