Nutanix Inc [NTNX] stock prices are up 1.11% to $68.76 at the moment. 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 6.30% over the last week, with a monthly amount glided 11.69%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nutanix Inc [NASDAQ: NTNX] stock has seen the most recent analyst activity on December 12, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $81. Previously, Oppenheimer started tracking the stock with Outperform rating on November 13, 2024, and set its price target to $80. On October 28, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $72 on the stock. Northland Capital downgraded its rating to a Market Perform but stick to its price target of $71 on May 30, 2024. Raymond James upgraded its rating to a Outperform but $72 remained the price target by the analyst firm on May 08, 2024. William Blair upgraded its rating to Outperform for this stock on January 17, 2024. In a note dated November 30, 2023, Needham reiterated an Buy rating on this stock and boosted its target price from $44 to $54.
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 $68.76 at the most recent close of the market. An investor can expect a potential return of 14.53% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 67.90 points at the first support level, and at 67.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.80, and for the 2nd resistance point, it is at 70.84.
Ratios To Look Out For
It’s worth pointing out that Nutanix Inc [NASDAQ:NTNX]’s Current Ratio is 1.12. Also, the Quick Ratio is 1.12, while the Cash Ratio stands at 0.59. Considering the valuation of this stock, the price to sales ratio is 8.27.
Transactions by insiders
Recent insider trading involved Sivaraman Rukmini, Chief Financial Officer, that happened on Jan 13 ’25 when 294.0 shares were sold. Officer, RUKMINI N SIVARAMAN completed a deal on Jan 13 ’25 to buy 294.0 shares. Meanwhile, Director Gambale Virginia sold 6060.0 shares on Dec 23 ’24.
