At the time of writing, Nutanix Inc [NTNX] stock is trading at $64.97, up 1.33%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NTNX shares have gain 5.81% over the last week, with a monthly amount glided 9.65%, 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 October 28, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $72 from $71. Previously, Northland Capital downgraded its rating to Market Perform on May 30, 2024, and kept the price target unchanged to $71. On May 08, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $72 on the stock. William Blair upgraded its rating to a Outperform. Needham reiterated its recommendation of a Buy and raised its price target to $54 on November 30, 2023. BofA Securities upgraded its rating to Buy for this stock on September 21, 2023, and upped its price target to $50. In a note dated October 11, 2022, Cleveland Research upgraded an Buy rating on this stock.
For the past year, the stock price of Nutanix Inc fluctuated between $34.80 and $73.69. Currently, Wall Street analysts expect the stock to reach $63.23 within the next 12 months. Nutanix Inc [NASDAQ: NTNX] shares were valued at $64.97 at the most recent close of the market. An investor can expect a potential drop of -2.68% based on the average NTNX price forecast.
Analyzing the NTNX fundamentals
According to Nutanix Inc [NASDAQ:NTNX], the company’s sales were 2.15B for trailing twelve months, which represents an 10.87% jump. 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 64.00 points at the first support level, and at 63.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.67, and for the 2nd resistance point, it is at 66.37.
Ratios To Look Out For
It is important to note that Nutanix Inc [NASDAQ:NTNX] has a current ratio of 1.06. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.53. Considering the valuation of this stock, the price to sales ratio is 8.10.
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.
