Nutanix Inc (NASDAQ:NTNX) currently has a daily average trading volume of 2.40M but it saw 2398248 shares traded in last market. With a market cap of 17.14B USD, the company’s current market price of $64.61 came rising about 2.28 while comparing to the previous closing price of $63.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $73.69 and as low as $34.40. In the recent trading on the day, stock has struck highest price mark of $62.63 while lowest mark touched by it was $64.83.
Taking a look at 20-day trading activity of Nutanix Inc (NTNX) gives us an average price of $60.07, while its current price level is -12.32% below from 52-week high level whereas it is 87.82% 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 $56.61 while that of 200 days or SMA-200 reads an average of $57.88. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.92% during that period while stretching the period over a month that increases to 2.94%. 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 66.47 which implies that the stock is in neutral 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 8.83% up while it is 7.18% when we observe its performance for the past one month. Year-to-date it is 35.48% up and over the past year, the stock is showing an upside performance of 76.43%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.29 beat the consensus estimate of 0.17 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-27, for which analysts forecasted an EPS of 0.31 while estimate for next year EPS is 1.44. In next quarter, company is expected to be making quarterly sales of $633.64M as analysts are expecting the sales for current fiscal year at $2.45B and seeing the company making $2.86B in sales next year. Moreover, analysts are in estimates of $571.51M for current-quarter revenue.
Currently, Nutanix Inc’s total number of outstanding shares is 265.18M with 0.63% of that held by the insiders while 80.23% of its common stock has been owned by the institutions. It has a 34.77 of forward P/E ratio. Stock’s beta reads 1.18. Stock has a price to sale or P/S ratio amounts to 7.97. Its return on asset (ROA) is -5.34% on average.
