Nutanix Inc (NTNX) concluded trading on Wednesday at a closing price of $59.04, with 4.2 million shares of worth about $248.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 92.63% during that period and on on Wednesday the price saw a gain of about 1.39%. Currently the company’s common shares owned by public are about 242.69M shares, out of which, 242.01M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 80 times over the past 12 months. They bought 844,293 shares in 60 of the transactions. In 20 selling transactions, insiders dumped 743,396 shares.
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However, the stock later moved at a day high price of 59.19, or with a gain of 1.39%. Stock saw a price change of 8.47% in past 5 days and over the past one month there was a price change of 3.69%. Year-to-date (YTD), NTNX shares are showing a performance of 23.80% which increased to 110.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.34 but also hit the highest price of $59.87 during that period. The average intraday trading volume for Nutanix Inc shares is 2.47 million. The stock is currently trading 2.86% above its 20-day simple moving average (SMA20), while that difference is up 12.00% for SMA50 and it goes to 54.86% higher than SMA200.
Nutanix Inc (NASDAQ: NTNX) currently have 242.69M outstanding shares and institutions hold larger chunk of about 84.14% of that.
The stock has a current market capitalization of $14.33B and its 3Y-monthly beta is at 1.27. It has posted earnings per share of -$0.73 in the same period. It has Quick Ratio of 1.63. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NTNX, volatility over the week remained 2.91% while standing at 2.97% over the month.
Analysts are in expectations that Nutanix Inc (NTNX) stock would likely to be making an EPS of $0.29 in the current quarter, while forecast for next quarter EPS is $0.13 and it is $1.28 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.37 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.24 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 54.57% while it is estimated to increase by 38.50% in next year.
Coverage by Needham stated Nutanix Inc (NTNX) stock as a Buy in their note to investors on November 30, 2023, suggesting a price target of $54 for the stock. Stock get an Overweight rating from Barclays on June 30, 2022.
