Nutanix Inc (NASDAQ: NTNX): Think Like A Lender, Not An Investor

Nutanix Inc (NASDAQ:NTNX) currently has a daily average trading volume of 2.63M but it saw 3689783 shares traded in last market. With a market cap of 12.79B USD, the company’s current market price of $52.34 came falling about -1.86 while comparing to the previous closing price of $53.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $73.69 and as low as $26.47.

Taking a look at 20-day trading activity of Nutanix Inc (NTNX) gives us an average price of $65.37, while its current price level is -28.97% below from 52-week high level whereas it is 97.73% 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 $63.65 while that of 200 days or SMA-200 reads an average of $50.38. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.09% during that period while stretching the period over a month that decreases to 4.00%. 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 29.02 which implies that the stock is in oversold territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Northland Capital which downgraded the stock as “Market Perform” in its note to investors issued on May 30, 2024, recommending a price target of $71 for it. Raymond James upgraded its recommendation for the stock as a “Outperform” from “Mkt Perform” on May 08, 2024 while assigning a price target of $72.

Over the week, NTNX’s stock price is moving -7.13% down while it is -19.87% when we observe its performance for the past one month. Year-to-date it is 9.75% up and over the past year, the stock is showing an upside performance of 78.03%.

Currently, Nutanix Inc’s total number of outstanding shares is 244.33M. Company’s return on investment (ROI) stands at -1.64%. It has a 37.29 of forward P/E ratio. Stock’s beta reads 1.16. Stock has a price to sale or P/S ratio amounts to 6.10. Its return on asset (ROA) is -0.46% on average.