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The closing price of Nutanix Inc (NASDAQ: NTNX) was $49.35 for the day, up 0.88% from the previous closing price of $48.92. In other words, the price has increased by $0.88 from its previous closing price. On the day, 2.4 million shares were traded. NTNX stock price reached its highest trading level at $49.81 during the session, while it also had its lowest trading level at $48.08.
Ratios:
Our analysis of NTNX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.05. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 1.68.
On May 08, 2024, Raymond James Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $72.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 18 ’24 when RAMASWAMI RAJIV sold 23,986 shares for $54.19 per share. The transaction valued at 1,299,738 led to the insider holds 407,045 shares of the business.
Sivaraman Rukmini sold 12,566 shares of NTNX for $668,788 on Jun 18 ’24. The Chief Financial Officer now owns 144,902 shares after completing the transaction at $53.22 per share. On Jun 18 ’24, another insider, Sangster David, who serves as the Chief Operating Officer of the company, sold 10,384 shares for $54.19 each. As a result, the insider received 562,660 and left with 64,333 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NTNX now has a Market Capitalization of 12171732992 and an Enterprise Value of 11906789376. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.81. Its current Enterprise Value per Revenue stands at 5.683 whereas that against EBITDA is 238.284.
Stock Price History:
Over the past 52 weeks, NTNX has reached a high of $73.69, while it has fallen to a 52-week low of $28.49. The 50-Day Moving Average of the stock is -15.00%, while the 200-Day Moving Average is calculated to be -7.91%.
Shares Statistics:
NTNX traded an average of 2.87M shares per day over the past three months and 3884000 shares per day over the past ten days. A total of 246.64M shares are outstanding, with a floating share count of 245.64M. Insiders hold about 0.41% of the company’s shares, while institutions hold 83.02% stake in the company. Shares short for NTNX as of 1721001600 were 4982111 with a Short Ratio of 1.74, compared to 1718323200 on 5945570. Therefore, it implies a Short% of Shares Outstanding of 4982111 and a Short% of Float of 2.69.
