Nutanix Inc (NASDAQ: NTNX): Analyst View Points To Future Growth

Nutanix Inc (NTNX) concluded trading on Thursday at a closing price of $65.25, with 6.3 million shares of worth about $411.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 85.63% during that period and on Thursday the price saw a gain of about 1.15%. Currently the company’s common shares owned by public are about 242.69M shares, out of which, 241.68M shares are available for trading.

Stock saw a price change of 3.31% in past 5 days and over the past one month there was a price change of 15.41%. Year-to-date (YTD), NTNX shares are showing a performance of 36.82% which increased to 146.23% 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 $66.28 during that period. The average intraday trading volume for Nutanix Inc shares is 2.63 million. The stock is currently trading 10.00% above its 20-day simple moving average (SMA20), while that difference is up 19.25% for SMA50 and it goes to 66.22% higher than SMA200.

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Nutanix Inc (NASDAQ: NTNX) currently have 242.69M outstanding shares and institutions hold larger chunk of about 84.13% of that.

The stock has a current market capitalization of $15.84B and its 3Y-monthly beta is at 1.30. It has posted earnings per share of -$0.30 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 3.50% while standing at 3.28% over the month.

Analysts are in expectations that Nutanix Inc (NTNX) stock would likely to be making an EPS of $0.16 in the current quarter, while forecast for next quarter EPS is $0.16 and it is $1.3 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.19 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 $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 76.27% while it is estimated to increase by 24.24% 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.

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