Nutanix Inc [NTNX] stock prices are down -0.23% to $68.25 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NTNX shares have gain 2.32% over the last week, with a monthly amount glided 5.81%, 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 November 13, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $80. Previously, Morgan Stanley upgraded its rating to Overweight on October 28, 2024, and elevated its price target to $72. On May 30, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $71 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $72 on May 08, 2024. William Blair upgraded its rating to a Outperform. Needham reiterated a Buy rating for this stock on November 30, 2023, and upped its price target to $54. In a note dated September 21, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $39 to $50.
The stock price of Nutanix Inc [NTNX] has been fluctuating between $43.35 and $75.80 over the past year. Currently, Wall Street analysts expect the stock to reach $78.75 within the next 12 months. Nutanix Inc [NASDAQ: NTNX] shares were valued at $68.25 at the most recent close of the market. An investor can expect a potential return of 15.38% based on the average NTNX price forecast.
Analyzing the NTNX fundamentals
The Nutanix Inc [NASDAQ:NTNX] reported sales of 2.23B for trailing twelve months, representing a surge of 15.63%. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 0.12 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.01.
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 67.22 points at the first support level, and at 66.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.37, and for the 2nd resistance point, it is at 70.49.
Ratios To Look Out For
It’s worth pointing out that Nutanix Inc [NASDAQ:NTNX]’s Current Ratio is 1.12. Further, the Quick Ratio stands at 1.06, while the Cash Ratio is 0.59. Considering the valuation of this stock, the price to sales ratio is 8.20.
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.
