Nutanix Inc [NTNX] stock prices are down -0.84% to $60.41 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NTNX shares have gain 1.96% over the last week, with a monthly amount glided 0.53%, and 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.
The stock price of Nutanix Inc [NTNX] has been fluctuating between $33.96 and $73.69 over the past year. Currently, Wall Street analysts expect the stock to reach $63.15 within the next 12 months. Nutanix Inc [NASDAQ: NTNX] shares were valued at $60.41 at the most recent close of the market. An investor can expect a potential return of 4.54% based on the average NTNX price forecast.
Analyzing the NTNX fundamentals
The Nutanix Inc [NASDAQ:NTNX] reported sales of 2.15B for trailing twelve months, representing a surge of 10.87%. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is 0.19 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.82.
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 59.85 points at the first support level, and at 59.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.92, and for the 2nd resistance point, it is at 61.43.
Ratios To Look Out For
It’s worth pointing out that Nutanix Inc [NASDAQ:NTNX]’s Current Ratio is 1.06. As well, the Quick Ratio is 1.06, while the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 7.46.
Transactions by insiders
Recent insider trading involved Sivaraman Rukmini, Chief Financial Officer, that happened on Sep 17 ’24 when 24316.0 shares were sold. Chief Operating Officer, Sangster David completed a deal on Sep 16 ’24 to sell 11950.0 shares. Meanwhile, Officer RUKMINI N SIVARAMAN bought 24316.0 shares on Sep 17 ’24.
