An average trading volume for Nutanix Inc. (NTNX) has been steady over the recent period.

The price of Nutanix Inc. (NASDAQ: NTNX) closed at $28.95 in the last session, up 1.40% from day before closing price of $28.55. In other words, the price has increased by $+0.40 from its previous closing price. On the day, 1326697 shares were traded. NTNX stock price reached its highest trading level at $29.04 during the session, while it also had its lowest trading level at $28.18.

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We take a closer look at NTNX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 98.60. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.50.

Upgrades & Downgrades

On June 30, 2022, Barclays started tracking the stock assigning a Overweight rating and target price of $19.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 03 when Wall Tyler sold 90,000 shares for $26.19 per share. The transaction valued at 2,357,073 led to the insider holds 48,256 shares of the business.

RAMASWAMI RAJIV sold 5,000 shares of NTNX for $141,715 on Dec 21. The President and CEO now owns 310,348 shares after completing the transaction at $28.34 per share. On Dec 20, another insider, Conway Craig, who serves as the Director of the company, sold 25,000 shares for $30.38 each. As a result, the insider received 759,575 and left with 33,363 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.99.

Stock Price History:

Over the past 52 weeks, NTNX has reached a high of $33.73, while it has fallen to a 52-week low of $13.44. The 50-Day Moving Average of the stock is 28.29, while the 200-Day Moving Average is calculated to be 22.33.

Shares Statistics:

According to the various share statistics, NTNX traded on average about 2.24M shares per day over the past 3-months and 1.36M shares per day over the past 10 days. A total of 228.54M shares are outstanding, with a floating share count of 225.29M. Insiders hold about 0.50% of the company’s shares, while institutions hold 78.10% stake in the company. Shares short for NTNX as of Oct 13, 2022 were 6.1M with a Short Ratio of 7.28M, compared to 7.18M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.65% and a Short% of Float of 3.07%.

Earnings Estimates

The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.15, while EPS last year was -$0.22. The consensus estimate for the next quarter is $0.06, with high estimates of $0.25 and low estimates of -$0.04.

Analysts are recommending an EPS of between $0.33 and -$0.01 for the fiscal current year, implying an average EPS of $0.13. EPS for the following year is $0.5, with 13 analysts recommending between $0.8 and $0.27.

Revenue Estimates

A total of 16 analysts have provided revenue estimates for NTNX’s current fiscal year. The highest revenue estimate was $2.05B, while the lowest revenue estimate was $1.77B, resulting in an average revenue estimate of $1.79B. In the same quarter a year ago, actual revenue was $1.58B, up 13.50% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $2.09B in the next fiscal year. The high estimate is $2.36B and the low estimate is $1.98B. The average revenue growth estimate for next year is up 16.60% from the average revenue estimate for this year.