Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Nutanix Inc’s stock clocked out at $61.07, up 2.02% from its previous closing price of $59.86. In other words, the price has increased by $2.02 from its previous closing price. On the day, 2.93 million shares were traded. NTNX stock price reached its highest trading level at $62.24 during the session, while it also had its lowest trading level at $60.18.
Ratios:
To gain a deeper understanding of NTNX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.94. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 14921171968 and an Enterprise Value of 14347056128. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.39. Its current Enterprise Value per Revenue stands at 7.106 whereas that against EBITDA is -1479.993.
Stock Price History:
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 -1.18%, while the 200-Day Moving Average is calculated to be 36.28%.
Shares Statistics:
It appears that NTNX traded 2.73M shares on average per day over the past three months and 2333310 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 83.35% stake in the company. Shares short for NTNX as of 1711584000 were 6280739 with a Short Ratio of 2.30, compared to 1709164800 on 6814368. Therefore, it implies a Short% of Shares Outstanding of 6280739 and a Short% of Float of 3.4299999999999997.
