Is this a Prime Time To acquire Nutanix Inc. (NTNX) stock

The price of Nutanix Inc. (NASDAQ: NTNX) closed at $25.41 in the last session, up 2.79% from day before closing price of $24.72. In other words, the price has increased by $+0.69 from its previous closing price. On the day, 1159442 shares were traded. NTNX stock price reached its highest trading level at $25.43 during the session, while it also had its lowest trading level at $24.16.

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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 4.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 89.15. 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 3.61.

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 27.52, while the 200-Day Moving Average is calculated to be 23.06.

Shares Statistics:

According to the various share statistics, NTNX traded on average about 1.88M shares per day over the past 3-months and 2.43M 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 Jan 30, 2023 were 8.12M with a Short Ratio of 7.59M, compared to 7.28M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.53% and a Short% of Float of 4.08%.

Earnings Estimates

The company has 14 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.11 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.08, while EPS last year was -$0.03. The consensus estimate for the next quarter is $0.01, with high estimates of $0.13 and low estimates of -$0.06.

Analysts are recommending an EPS of between $0.44 and $0.08 for the fiscal current year, implying an average EPS of $0.2. EPS for the following year is $0.51, with 15 analysts recommending between $0.72 and $0.33.

Revenue Estimates

According to 12 analysts, the current quarter’s revenue is expected to be $464.96M. It ranges from a high estimate of $468.3M to a low estimate of $461M. As of the current estimate, Nutanix Inc.’s year-ago sales were $413.08M, an estimated increase of 12.60% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $425.38M, an increase of 5.40% less than the figure of $12.60% in the same quarter last year. There is a high estimate of $445.67M for the next quarter, whereas the lowest estimate is $412.6M.

A total of 17 analysts have provided revenue estimates for NTNX’s current fiscal year. The highest revenue estimate was $1.81B, while the lowest revenue estimate was $1.76B, resulting in an average revenue estimate of $1.78B. In the same quarter a year ago, actual revenue was $1.58B, up 12.70% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $2.06B in the next fiscal year. The high estimate is $2.23B and the low estimate is $1.97B. The average revenue growth estimate for next year is up 15.80% from the average revenue estimate for this year.