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The closing price of Nutanix Inc (NASDAQ: NTNX) was $60.71 for the day, down -2.72% from the previous closing price of $62.41. In other words, the price has decreased by -$2.72 from its previous closing price. On the day, 1.83 million shares were traded. NTNX stock price reached its highest trading level at $62.98 during the session, while it also had its lowest trading level at $60.36.
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 9.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.72. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 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:
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 Apr 10 ’24 when Sivaraman Rukmini sold 53,029 shares for $64.77 per share. The transaction valued at 3,434,765 led to the insider holds 144,635 shares of the business.
Wall Tyler sold 15,000 shares of NTNX for $933,687 on Mar 21 ’24. The Chief Legal Officer now owns 13,168 shares after completing the transaction at $62.25 per share. On Mar 18 ’24, another insider, RAMASWAMI RAJIV, who serves as the President and CEO of the company, sold 23,932 shares for $63.05 each. As a result, the insider received 1,508,862 and left with 373,024 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 14833212416 and an Enterprise Value of 14554735616. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.35. Its current Enterprise Value per Revenue stands at 7.209 whereas that against EBITDA is -1501.417.
Stock Price History:
The Beta on a monthly basis for NTNX is 1.26, which has changed by 1.4648802 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, NTNX has reached a high of $66.99, while it has fallen to a 52-week low of $23.34. The 50-Day Moving Average of the stock is -1.48%, while the 200-Day Moving Average is calculated to be 37.43%.
Shares Statistics:
NTNX traded an average of 2.83M shares per day over the past three months and 2288780 shares per day over the past ten days. A total of 244.33M shares are outstanding, with a floating share count of 243.36M. Insiders hold about 0.40% of the company’s shares, while institutions hold 83.34% stake in the company. Shares short for NTNX as of 1711584000 were 6280739 with a Short Ratio of 2.22, compared to 1709164800 on 6814368. Therefore, it implies a Short% of Shares Outstanding of 6280739 and a Short% of Float of 3.4299999999999997.
Earnings Estimates
The stock of Nutanix Inc (NTNX) is currently in the spotlight, with 14 analysts actively rating and assessing its market standing.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 $1.32, with 15 analysts recommending between $1.74 and $0.81.
Revenue Estimates
A total of 15 analysts have provided revenue estimates for NTNX’s current fiscal year. The highest revenue estimate was $2.16B, while the lowest revenue estimate was $2.13B, resulting in an average revenue estimate of $2.14B. In the same quarter a year ago, actual revenue was $1.86B, up 14.90% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $2.5B 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 16.60% from the average revenue estimate for this year.
