A share price of Nutanix Inc [NTNX] is currently trading at $56.85, up 0.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The NTNX shares have gain 6.46% over the last week, with a monthly amount drifted -22.43%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nutanix Inc [NASDAQ: NTNX] stock has seen the most recent analyst activity on May 30, 2024, when Northland Capital downgraded its rating to a Market Perform but kept the price target unchanged to $71 for it. Previously, Raymond James upgraded its rating to Outperform on May 08, 2024, and kept the price target unchanged to $72. On January 17, 2024, upgrade upgraded it’s rating to Outperform. Needham reiterated its Buy rating and increased its price target to $54 on November 30, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $50 on September 21, 2023. Cleveland Research upgraded its rating to Buy for this stock on October 11, 2022. In a note dated June 30, 2022, Barclays initiated an Overweight rating and provided a target price of $19 on this stock.
Nutanix Inc experienced fluctuations in its stock price throughout the past year between $26.82 and $73.69. Currently, Wall Street analysts expect the stock to reach $62.31 within the next 12 months. Nutanix Inc [NASDAQ: NTNX] shares were valued at $56.85 at the most recent close of the market. An investor can expect a potential return of 9.6% based on the average NTNX price forecast.
Analyzing the NTNX fundamentals
Trailing Twelve Months sales for Nutanix Inc [NASDAQ:NTNX] were 2.10B which represents 16.94% growth. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is 0.02 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.1.
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 56.20 points at the first support level, and at 55.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.59, and for the 2nd resistance point, it is at 58.34.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nutanix Inc [NASDAQ:NTNX] is 1.68. On the other hand, the Quick Ratio is 1.68, and the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 6.69.
Transactions by insiders
Recent insider trading involved RAMASWAMI RAJIV, President and CEO, that happened on Jun 18 ’24 when 23986.0 shares were sold. Chief Financial Officer, Sivaraman Rukmini completed a deal on Jun 18 ’24 to sell 12566.0 shares. Meanwhile, Chief Operating Officer Sangster David sold 10384.0 shares on Jun 18 ’24.
