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After finishing at $63.89 in the prior trading day, Nutanix Inc (NASDAQ: NTNX) closed at $64.36, up 0.74%. In other words, the price has increased by $0.74 from its previous closing price. On the day, 1.95 million shares were traded. NTNX stock price reached its highest trading level at $64.7094 during the session, while it also had its lowest trading level at $63.69.
Ratios:
Our goal is to gain a better understanding of NTNX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.56. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.06.
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:
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 Sep 17 ’24 when Sivaraman Rukmini sold 24,316 shares for $58.85 per share. The transaction valued at 1,430,939 led to the insider holds 192,169 shares of the business.
Sangster David sold 11,950 shares of NTNX for $714,968 on Sep 16 ’24. The Chief Operating Officer now owns 123,868 shares after completing the transaction at $59.83 per share. On Sep 17 ’24, another insider, RUKMINI N SIVARAMAN, who serves as the Officer of the company, bought 24,316 shares for $58.85 each.
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 17069238272 and an Enterprise Value of 16770086912. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.94. Its current Enterprise Value per Revenue stands at 7.804 whereas that against EBITDA is 175.344.
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 $34.40. The 50-Day Moving Average of the stock is 10.37%, while the 200-Day Moving Average is calculated to be 10.38%.
Shares Statistics:
The stock has traded on average 2.17M shares per day over the past 3-months and 1622530 shares per day over the last 10 days, according to various share statistics. A total of 265.18M shares are outstanding, with a floating share count of 247.03M. Insiders hold about 6.86% of the company’s shares, while institutions hold 78.76% stake in the company. Shares short for NTNX as of 1727654400 were 5213360 with a Short Ratio of 2.40, compared to 1724976000 on 5919693. Therefore, it implies a Short% of Shares Outstanding of 5213360 and a Short% of Float of 2.55.
