At the time of writing, Nutanix Inc [NTNX] stock is trading at $59.04, up 1.39%. An important factor to consider is whether the stock is rising or falling in short-term value. The NTNX shares have gain 8.47% over the last week, with a monthly amount glided 3.69%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Nutanix Reports Second Quarter Fiscal 2024 Financial Results. In a post published today on Yahoo Finance, Reports 26% YoY ARR Growth and Strong Free Cash Flow.
From an analyst’s perspective:
Nutanix Inc [NASDAQ: NTNX] stock has seen the most recent analyst activity on January 17, 2024, when William Blair upgraded its rating to a Outperform. Previously, Needham reaffirmed its Buy rating on November 30, 2023, and elevated its price target to $54. On September 21, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $50 on the stock. Cleveland Research upgraded its rating to a Buy. Barclays initiated its recommendation with a Overweight and recommended $19 as its price target on June 30, 2022. William Blair downgraded its rating to Mkt Perform for this stock on May 26, 2022. In a note dated May 26, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $54 to $22.
For the past year, the stock price of Nutanix Inc fluctuated between $23.34 and $59.87. Currently, Wall Street analysts expect the stock to reach $36.9 within the next 12 months. Nutanix Inc [NASDAQ: NTNX] shares were valued at $59.04 at the most recent close of the market. An investor can expect a potential drop of -37.5% based on the average NTNX price forecast.
Analyzing the NTNX fundamentals
According to Nutanix Inc [NASDAQ:NTNX], the company’s sales were 1.94B for trailing twelve months, which represents an 17.86% jump. Gross Profit Margin for this corporation currently stands at 0.84% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is 0.11 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 57.80 points at the first support level, and at 56.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.73, and for the 2nd resistance point, it is at 60.43.
Nutanix Inc [NTNX] reported earnings per share of $0.29 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.12 and a surprise factor of 70.60%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.24 per share as compared to estimates of $0.16 per share, a difference of $0.08 representing a surprise of 50.00%.
Ratios To Look Out For
It is important to note that Nutanix Inc [NASDAQ:NTNX] has a current ratio of 1.63. On the other hand, the Quick Ratio is 1.63, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 7.38.
Transactions by insiders
Recent insider trading involved Wall Tyler, Chief Legal Officer, that happened on Dec 18 when 35000.0 shares were sold. President and CEO, RAMASWAMI RAJIV completed a deal on Dec 18 to sell 24439.0 shares. Meanwhile, Chief Operating Officer Sangster David sold 10616.0 shares on Dec 18.
