As of close of business last night, Nutanix Inc’s stock clocked out at $61.13, down -1.91% from its previous closing price of $62.32. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 2689494 shares were traded.
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 9.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.98. 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 Mar 21 ’24 when Wall Tyler sold 15,000 shares for $62.25 per share. The transaction valued at 933,687 led to the insider holds 13,168 shares of the business.
RAMASWAMI RAJIV sold 23,932 shares of NTNX for $1,508,862 on Mar 18 ’24. The President and CEO now owns 373,024 shares after completing the transaction at $63.05 per share. On Mar 18 ’24, another insider, Sangster David, who serves as the Chief Operating Officer of the company, sold 12,545 shares for $63.04 each. As a result, the insider received 790,854 and left with 70,192 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 14.94B and an Enterprise Value of 14.65B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.40. Its current Enterprise Value per Revenue stands at 7.25 whereas that against EBITDA is 155.70.
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 60.25, while the 200-Day Moving Average is calculated to be 43.09.
Shares Statistics:
It appears that NTNX traded 2.88M shares on average per day over the past three months and 2.46M shares per day over the past ten days. A total of 244.33M shares are outstanding, with a floating share count of 243.30M. Insiders hold about 0.42% of the company’s shares, while institutions hold 83.57% stake in the company. Shares short for NTNX as of Mar 15, 2024 were 6.61M with a Short Ratio of 2.30, compared to 5.97M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.71% and a Short% of Float of 3.61%.
Earnings Estimates
As of right now, 13 analysts gave their recommendation on the stock of the company. 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 $2.13B, 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 $2.5B 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.
