Nutanix Inc (NASDAQ: NTNX) closed the day trading at $65.25 up 1.15% from the previous closing price of $64.51. In other words, the price has increased by $+0.74 from its previous closing price. On the day, 6299568 shares were traded. NTNX stock price reached its highest trading level at $65.64 during the session, while it also had its lowest trading level at $63.74.
Ratios:
For a better understanding of NTNX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.27. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 1.67.
On November 30, 2023, Needham reiterated its Buy rating and also lowered its target price recommendation from $44 to $54.
BofA Securities Upgraded its Neutral to Buy on September 21, 2023, whereas the target price for the stock was revised from $39 to $50.
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 Mar 01 ’24 when GOMO STEVEN J sold 25,000 shares for $64.11 per share. The transaction valued at 1,602,715 led to the insider holds 3,962 shares of the business.
Wall Tyler sold 19,721 shares of NTNX for $1,269,054 on Mar 01 ’24. The Chief Legal Officer now owns 17,556 shares after completing the transaction at $64.35 per share. On Dec 18 ’23, another insider, Wall Tyler, who serves as the Chief Legal Officer of the company, sold 35,000 shares for $47.12 each. As a result, the insider received 1,649,274 and left with 37,277 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 15.84B and an Enterprise Value of 15.54B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.84. Its current Enterprise Value per Revenue stands at 7.70 whereas that against EBITDA is 241.98.
Stock Price History:
Over the past 52 weeks, NTNX has reached a high of $66.28, while it has fallen to a 52-week low of $23.34. The 50-Day Moving Average of the stock is 54.72, while the 200-Day Moving Average is calculated to be 39.26.
Shares Statistics:
Over the past 3-months, NTNX traded about 2.63M shares per day on average, while over the past 10 days, NTNX traded about 3.65M shares per day. A total of 242.69M shares are outstanding, with a floating share count of 241.68M. Insiders hold about 0.42% of the company’s shares, while institutions hold 84.13% stake in the company. Shares short for NTNX as of Feb 15, 2024 were 5.97M with a Short Ratio of 2.27, compared to 5.66M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.46% and a Short% of Float of 3.29%.
Earnings Estimates
Current recommendations for the stock of the company come from 13 analysts. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.19 and a low estimate of $0.13, while EPS last year was $0.04. The consensus estimate for the next quarter is $0.16, with high estimates of $0.22 and low estimates of $0.11.
Analysts are recommending an EPS of between $1.17 and $0.99 for the fiscal current year, implying an average EPS of $1.07. EPS for the following year is $1.3, with 14 analysts recommending between $1.74 and $0.81.
Revenue Estimates
A total of 14 analysts have provided revenue estimates for NTNX’s current fiscal year. The highest revenue estimate was $2.16B, while the lowest revenue estimate was $2.12B, resulting in an average revenue estimate of $2.14B. In the same quarter a year ago, actual revenue was $1.86B, up 14.80% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $2.49B in the next fiscal year. The high estimate is $2.65B and the low estimate is $2.41B. The average revenue growth estimate for next year is up 16.70% from the average revenue estimate for this year.
