There Is Still Room For Nutanix Inc. (NTNX) to Improve Its Value – Let’s Wait for Clarity

Nutanix Inc. (NASDAQ: NTNX) closed the day trading at 21.78 down -2.46% from the previous closing price of $22.33. In other words, the price has decreased by $-0.55 from its previous closing price. On the day, 2163559 shares were traded. NTNX reached its highest trading level at $22.61 during the session, while it also had its lowest trading level at $21.75.

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Ratios:

For a better understanding of NTNX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.50.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on June 30, 2022, initiated with a Overweight rating and assigned the stock a target price of $19.

BofA Securities Downgraded its Buy to Neutral on May 26, 2022, whereas the target price for the stock was revised from $54 to $22.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 20 when RAMASWAMI RAJIV sold 5,000 shares for $22.90 per share. The transaction valued at 114,500 led to the insider holds 267,576 shares of the business.

RAMASWAMI RAJIV sold 65,376 shares of NTNX for $1,499,072 on Sep 16. The President and CEO now owns 272,576 shares after completing the transaction at $22.93 per share. On Sep 16, another insider, Wall Tyler, who serves as the Chief Legal Officer of the company, sold 7,243 shares for $22.93 each. As a result, the insider received 166,082 and left with 129,296 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.17.

Stock Price History:

Over the past 52 weeks, NTNX has reached a high of $42.69, while it has fallen to a 52-week low of $13.44. The 50-Day Moving Average of the stock is 18.16, while the 200-Day Moving Average is calculated to be 22.99.

Shares Statistics:

Over the past 3-months, NTNX traded about 2.48M shares per day on average, while over the past 10 days, NTNX traded about 2.58M shares per day. A total of 222.47M shares are outstanding, with a floating share count of 218.53M. Insiders hold about 0.40% of the company’s shares, while institutions hold 79.60% stake in the company. Shares short for NTNX as of Jul 14, 2022 were 7.88M with a Short Ratio of 2.88, compared to 7.9M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.51% and a Short% of Float of 4.08%.

Earnings Estimates

Current recommendations for the stock of the company come from 15 analysts. On average, analysts expect EPS of $-0.41 for the current quarter, with a high estimate of $-0.38 and a low estimate of $-0.57, while EPS last year was $-0.26. The consensus estimate for the next quarter is $-0.24, with high estimates of $0.02 and low estimates of $-0.49.

Analysts are recommending an EPS of between $-0.64 and $-0.86 for the fiscal current year, implying an average EPS of $-0.7. EPS for the following year is $-0.5, with 17 analysts recommending between $0.12 and $-1.26.

Revenue Estimates

14 analysts predict $350.4M in revenue for the current quarter. It ranges from a high estimate of $356.9M to a low estimate of $341.75M. As of the current estimate, Nutanix Inc.’s year-ago sales were $390.72M, an estimated decrease of -10.30% from the year-ago figure.

A total of 17 analysts have provided revenue estimates for NTNX’s current fiscal year. The highest revenue estimate was $1.62B, while the lowest revenue estimate was $1.54B, resulting in an average revenue estimate of $1.55B. In the same quarter a year ago, actual revenue was $1.39B, up 11.20% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $1.67B in the next fiscal year. The high estimate is $1.93B and the low estimate is $1.46B. The average revenue growth estimate for next year is up 7.80% from the average revenue estimate for this year.