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.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

Ratios:

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.